The Power of Defaults in Savings Behavior

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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.

Eventually, Behavioral Economics emerged as an influential perspective. It’s become mainstream in Economics, and it’s helped inform programs and policies that affect real people every day. But where do we see this impact? Explore the pervasive influence of Behavioral Economics in our everyday lives and beyond, from shaping individual decision-making to informing government policy design. Witness the ongoing evolution of this once radical field as it continues to inspire innovation and shape policies for better societal outcomes.

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Explore how behavioral economics conquered economics’ stronghold
Discover how psychology integration sparks innovative retirement savings solutions
Uncover the UK and US government’s bold ventures into science-driven policy making
Witness the global expanison of behvioral insights teams and their impact on addressing complex societal challenges