Using Lessons Learned from Behavioral Economists, Which of the Following

question 11

Multiple Choice

Using lessons learned from behavioral economists, which of the following would be most likely to increase retirement savings?

• A)Specifying that all retirement contributions are to be made by personal check only
• B)Allowing customers to make contributions of any amount whenever they desire
• C)Enabling automatic deductions from paychecks, but allow customers to make as many changes to the amount as they like without cost or obligation
• D)Allowing customers to commit to an increasing portion of their paycheck being automatically deposited in retirement savings in future years
• E)Charging service fees for contributions under $100

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Definitions:

Scientific Rigor

The strict application of the scientific method and principles to ensure thoroughness, accuracy, and reliability in research.

Therapeutic Interventions

These are strategies or methods used by health professionals to alleviate the symptoms of mental, emotional, or physical disorders in their patients.

Unconscious

A part of the mind that contains thoughts, memories, and desires not within the individual's current awareness but that can influence behavior.

Key Concerns

Primary or major issues that require attention or resolution in a specific context.