00:01
In the u .s.
00:02
In a number of other countries, individuals wishing to make organ donations at the end of their life have to opt in, i .e., to affirmatively agree to be a donor.
00:11
In contrast, a host of other countries have an opt -out policy, whereby you have to explicitly state that you do not wish to be a donor to reject the organ donation option.
00:20
Can you use your knowledge of behavioral economics to explain the empirical phenomenon that organ donation rates are substantially higher in opt -out countries than an opt -in countries? organ donation is known to save lives.
00:34
Globally, it is evident that in the case of organ donation, there is demand for organs far exceeding their supply.
00:40
This means we lose many lives each year, which we can actually save if we get the desired organs in time, which is not happening due to a lack of sufficient organs.
00:49
The situation compels countries to consider different systems for increasing organ donation numbers.
00:55
Here, we'll be considering opt -in versus opt -out policies.
01:00
And opt -in policies for organ donation, people have to explicitly state that they want to go for organ donation.
01:06
Whereas in an opt -out policy, people have to explicitly decline that they don't want to be part of an organ donation policy.
01:14
It is a known fact that opt -in policy is costly or in time -consuming mechanism as, one, in case of opt -in policy, we have to be aware.
01:23
We have to make aware people about its benefits...