Course

Nudges

Instructor: Alex Tabarrok, George Mason University
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Transcript

We've also learned from behavioral economics that saving is not just a matter of weighing costs and benefits. Nudges can matter. If your employer automatically enrolls you in a retirement plan, or sets a high default contribution rate, you'll probably end up saving more than if you have to choose yourself, even if choosing yourself would only take a few hours of work once in your lifetime.