EBK ECONOMICS TODAY
18th Edition
ISBN: 8220100663253
Author: Miller
Publisher: PEARSON
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Chapter 20, Problem 1FCT
To determine
Impact of bounded rationality on consumers.
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What do you think of the ethics of using unconscious nudges to alter people’s behavior? Before you answer, consider the following argument made by economists Richard Thaler and Cass Sunstein, who favor the use of nudges. They argue that in most situations, we couldn’t avoid nudging even if we wanted to because whatever policy we choose will contain some set of unconscious nudges and incentives that will influence people. Thus, they say, we might as well choose the wisest set of nudges.
Which of the following would NOT be considered a "nudge" to get people to quit smoking?
Question 2 options:
Putting tobacco alternatives (such as nicotine gum) at the check-out counter
Providing no-cost smoking cessation programs.
Adding a $100/moth extra charge on insurance premiums for someone who smokes
Economic analysis is limited in its ability to forecast precise choices of a given individual because:
Chapter 20 Solutions
EBK ECONOMICS TODAY
Ch. 20.F - Prob. 1PCh. 20.F - Prob. 2PCh. 20.F - Prob. 3PCh. 20.F - Prob. 4PCh. 20.F - Prob. 5PCh. 20.F - Prob. 6PCh. 20.F - Prob. 7PCh. 20.F - Prob. 8PCh. 20.F - Prob. 9PCh. 20.F - Prob. 10P
Ch. 20 - Prob. 20.1LOCh. 20 - Prob. 20.2LOCh. 20 - Prob. 20.3LOCh. 20 - Prob. 20.4LOCh. 20 - Prob. aFCTCh. 20 - Prob. bFCTCh. 20 - Prob. cFCTCh. 20 - Prob. 1CTQCh. 20 - Prob. 2CTQCh. 20 - Prob. 1FCTCh. 20 - Prob. 2FCTCh. 20 - Prob. 1PCh. 20 - Prob. 2PCh. 20 - Prob. 3PCh. 20 - Prob. 4PCh. 20 - Prob. 5PCh. 20 - Prob. 6PCh. 20 - Prob. 7PCh. 20 - Prob. 8PCh. 20 - Prob. 9PCh. 20 - Prob. 10PCh. 20 - Prob. 11PCh. 20 - Prob. 12PCh. 20 - Prob. 13PCh. 20 - Prob. 14PCh. 20 - Prob. 15PCh. 20 - Prob. 16PCh. 20 - Prob. 17P
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