What Is Choice Architecture? What Role Would This Concept Play

question 22

Essay

What is choice architecture? What role would this concept play in the formation of behavioral economic policy?

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Definitions:

Long-Term Potentiation

A long-lasting increase in synaptic strength between two neurons, thought to be a biological mechanism underlying learning and memory.

Synaptic Basis

The fundamental mechanisms of how neurons communicate with each other through synapses.

Priming

A psychological principle whereby exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance or intention.

Short-Term Memory

A capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.