USEmployees Who Formerly Wanted to Contribute to a Retirement Plan

question 80

Multiple Choice

U.S.employees who formerly wanted to contribute to a retirement plan typically had to choose to lower their take-home pay.Now companies are being encouraged to enroll their employees in the plan automatically while allowing them to choose to opt out of the plan.Under the new opt-out system,enrollments soared.This best illustrates the impact of:

• A) overconfidence.
• B) confirmation bias.
• C) framing.
• D) belief perseverance.