In the Practical Application of Behavioral Economic Policy, Who Is

question 39

Essay

In the practical application of behavioral economic policy, who is most likely to decide on what nudges will be used? Who is most likely to implement those nudges?

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Definitions:

Self-compassion

Treating oneself with kindness, understanding, and forgiveness, especially in instances of pain or failure.

Mindfulness

The state of being and acting fully in the current moment.

Self-compassion

The practice of being kind and understanding toward oneself in instances of pain or failure, rather than being harshly self-critical.

Self-verification

The process through which people seek to confirm and maintain their self-concept by soliciting feedback that aligns with their own views of themselves.