Government Programs Aimed at Stimulating Personal Savings

question 83

Multiple Choice

Government programs aimed at stimulating personal savings:

• A)are designed to take advantage of the flaws in the availability heuristic.
• B)help mitigate regression to the mean in most cases.
• C)increase welfare if people discount the future too heavily.
• D)decrease economic efficiency if people have impulse control problems.

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Definitions:

Probability

The quantification of the probability that an event will happen, expressed as a numerical value ranging from 0 to 1.

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A small electronic component made from silicon that contains integrated circuits used in computers and other devices.

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Probability

Probability is a branch of mathematics that deals with the likelihood of events occurring, measured on a scale from 0 (impossible) to 1 (certain).