Asked by Alvin Sebastian on May 05, 2024
Verified
Describe what is meant by nudging.
Nudging
A concept in behavioral economics, proposing subtle interventions to influence the choices and behaviors of individuals without restricting options.
- Understand the fundamentals and implications of behavioral economics concepts.
Verified Answer
SH
Samantha HernandezMay 10, 2024
Final Answer :
A key feature of "nudges" is that they are subtle, low-cost ways to gently nudge people toward making better choices for themselves and others. This subtlety means that nudges can cause large changes in behavior without making people feel bullied or coerced, and also without imposing stringent new rules or having to offer people big monetary incentives or disincentives to get them to do something. Successful nudges can be viewed as a form of manipulation since the changes in behavior generated by successful nudges are most likely unconscious on the part of those being nudged.
Learning Objectives
- Understand the fundamentals and implications of behavioral economics concepts.
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