i think the standard arguments that economists would give for that, that difference emerging of procrastination transaction costs, are not very convincing. Cause, as you pint, nothese are very large amounts of money, and the transactions cost are relatively small. Why wouldn't? What's the implication of that, other than, ah, you've uncovered an attractive way for firms to compete in the market place)? And firms that adopt that will the better, will thrive, and the ones that don't will not thrive.
Richard Thaler of the U. of Chicago Graduate School of Business defends the idea of libertarian paternalism--how government might use the insights of behavioral economics to help citizens make better choices. Host Russ Roberts accepts the premise that individuals make imperfect choices but challenges Thaler on the likelihood that government, in practice, will improve matters. Along the way they discuss the design of Sweden's social security system, organ donations and whether professors at Cornell University are more or less like you and me.