The Save More Tomorrow (SMarT) program offers employees the option to commit a fraction of future pay raises to a tax-free retirement savings account. Which of the following was not a finding of this program?
A) People want to save more than they typically do.
B) Participants quadrupled their savings in just a couple of years.
C) If the default choice is to save a portion of income, people will save more.
D) People were already saving at an optimal amount, so the program had no effect.
Correct Answer:
Verified
Q1: By studying the effects of choice architecture,
Q3: When considering choice architecture, a nudge:
A)only provides
Q4: A choice architect is someone who:
A)determines which
Q5: The SMarT program, which offers employees the
Q6: Which of the following is not a
Q7: Status quo bias is:
A)when a person's choice
Q8: Status quo bias:
A)is a type of mental
Q9: Neutral policy with respect to choice architecture
Q10: Choice architecture focuses on factors such as:
Q11: When considering choice architecture, a nudge:
A)is a
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