Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Question
Chapter 22, Problem 10QE
To determine
Explain the nudge policy.
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Students have asked these similar questions
What do you think of the ethics of using unconscious nudges to alter people’s behavior?
Does a nudge force people to make a better choice?
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
Chapter 22 Solutions
Microeconomics
Ch. 22.1 - Prob. 1QCh. 22.1 - Prob. 2QCh. 22.1 - Prob. 3QCh. 22.1 - Prob. 4QCh. 22.1 - Prob. 5QCh. 22.1 - Prob. 6QCh. 22.1 - Prob. 7QCh. 22.1 - Prob. 8QCh. 22.1 - Prob. 9QCh. 22.1 - Prob. 10Q
Ch. 22 - Prob. 1QECh. 22 - Prob. 2QECh. 22 - Prob. 3QECh. 22 - Prob. 4QECh. 22 - Prob. 5QECh. 22 - Prob. 6QECh. 22 - Prob. 7QECh. 22 - Prob. 8QECh. 22 - Prob. 9QECh. 22 - Prob. 10QECh. 22 - Prob. 11QECh. 22 - Prob. 12QECh. 22 - Prob. 13QECh. 22 - Prob. 14QECh. 22 - Prob. 15QECh. 22 - Prob. 16QECh. 22 - Prob. 17QECh. 22 - Prob. 18QECh. 22 - Prob. 19QECh. 22 - Prob. 20QECh. 22 - Prob. 21QECh. 22 - Prob. 22QECh. 22 - Prob. 23QECh. 22 - Prob. 24QECh. 22 - Prob. 25QECh. 22 - Prob. 26QECh. 22 - Prob. 1QAPCh. 22 - Prob. 2QAPCh. 22 - Prob. 3QAPCh. 22 - Prob. 4QAPCh. 22 - Prob. 1IPCh. 22 - Prob. 2IPCh. 22 - Prob. 3IPCh. 22 - Prob. 4IPCh. 22 - Prob. 5IPCh. 22 - Prob. 6IP
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Similar questions
- 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.arrow_forwardHow can the important role of FDI be explained?arrow_forwardAccording to Galbraith, why is it bad for society to be impacted by the Dependence Effect?arrow_forward
- One topic of behavioral economics is?arrow_forwardPeer pressure is an important influence on the behavior of youngsters. For instance, many preteens begin smoking because their friends pressure them into being “cool” by smoking. Using utility theory, how would you explain peer pressure? How would this compare with the explanations provided by behavioral economics and neuroeconomics?arrow_forwardGive the answer of both.arrow_forward
- Define behavioral economics and explain how it contrasts with neoclassical economics.arrow_forwardWhat does behavioral economics have to say about each of the following statements? a. “Nobody is truly charitable—they just give money to show off.” b. “America has a ruthless capitalist system. Considerations of fairness are totally ignored.” c. “Selfish people always get ahead. It’s like nobody even notices!”arrow_forwardA nudge is a policy solution that is (A) cheap to implement; (B) has a predictable effect on agents’ behavior; (C) does not put additional constraints on agents’ freedom of choice; (D) all of the above.arrow_forward
- This is a two part discussion Read about Nudge https://en.wikipedia.org/wiki/Nudge_theory Also if you are able to watch The Big Short https://en.wikipedia.org/wiki/The_Big_Short_(film) after reading more about behavioral economics. Read more about Richard Thaler who received the Nobel Price in Economics https://nyti.ms/2yRfVXe If NY times won't allow you to view the article just do a google search on Richard Thaler Nobel Price. After reading more about Behavioral Economics come up with your own Nudge. 1) What incentives would you create to get someone to do a particular task using a Nudge? 2) I used it here in economics can you tell us how I am using a Nudge?arrow_forwardWhat is infation? Suppose an individual’s retirement plan consists of putting$100 into a safe. What efect does infation have on this plan?arrow_forwardBehavioral economics incorporates insights from which other field of study? A. Psychology B. Political science C. Sociology D. Anthropologyarrow_forward
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