The BIT helped poor people in the Philippines increase their saving by offering "commitment" savings accounts that restricted withdrawals until certain dates or savings targets were reached. This is an example of

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A nudge is a concept in behavioral economics that proposes positive reinforcement and indirect suggestions as ways to influence behavior and decision-making. The "commitment" savings accounts are an example of a nudge because they encourage saving by restricting access to funds, thus guiding people towards a beneficial behavior without forcing them.

The BIT Helped Poor People in the Philippines Increase Their