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19min chapter
...Ridiculous Ep. 4: Behavioral Economics Goes Mainstream
Behavioral Grooves Podcast
The Power of Defaults in Savings Behavior
Exploring how default options and behavioral economics shape individuals' saving habits, from automatic enrollment in retirement plans to the success of programs like Save More Tomorrow. The chapter showcases real-world examples of how small design changes can lead to significant increases in savings rates over time. It also delves into the application of behavioral economics in policy-making, emphasizing the impact on governmental decisions and societal behaviors.
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