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:

Product Placement

The strategic integration of a product into entertainment content for promotional purposes, aiming to influence the audience subtly.

Acquired Attention

involves the attention gained through effort or intention, as opposed to naturally catching someone's focus.

Style And Cultural Icons

Individuals or symbols widely recognized and admired for their significant influence on trends, fashion, and culture.

Art Products

Art products are tangible items resulting from creative artistic activities, such as paintings, sculptures, ceramics, and other works that serve as expressions of visual art.