a.) Provide two examples of "nudges" currently being encouraged - one by a corporation and one by government (two altogether) - which have led to improved utility or welfare of those being nudged. Please provide examples not already used in the assigned reading articles by Thaler and Rutter and in your answer please be sure to include the URL link to the sources you are using. b.) According to the strategies described in this week's assigned readings by Thaler and Rutter, how can the nudge you provided as examples meet Thaler's principle of leading to better outcomes for society? c.) Explain how each of the nudge examples you provided also meet the other two principles of Thaler's guide for the use of a nudge. This discussion question has three parts, a, b, and, c. The discussion question is: In a New York Times article by economist Richard Thaler, "The Power of Nudges, for Good and Bad," nudging is described as strategies that encourage consumers to buy products that they might otherwise not consider and "The Rise of the Nudge" by Tamsin Rutter describes nudges in the service of government.
a.) Provide two examples of "nudges" currently being encouraged - one by a corporation and one by government (two altogether) - which have led to improved utility or welfare of those being nudged. Please provide examples not already used in the assigned reading articles by Thaler and Rutter and in your answer please be sure to include the URL link to the sources you are using. b.) According to the strategies described in this week's assigned readings by Thaler and Rutter, how can the nudge you provided as examples meet Thaler's principle of leading to better outcomes for society? c.) Explain how each of the nudge examples you provided also meet the other two principles of Thaler's guide for the use of a nudge. This discussion question has three parts, a, b, and, c. The discussion question is: In a New York Times article by economist Richard Thaler, "The Power of Nudges, for Good and Bad," nudging is described as strategies that encourage consumers to buy products that they might otherwise not consider and "The Rise of the Nudge" by Tamsin Rutter describes nudges in the service of government.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 25QP
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Transcribed Image Text:a.) Provide two examples of "nudges" currently being encouraged - one by a corporation and one by government (two altogether) - which
have led to improved utility or welfare of those being nudged. Please provide examples not already used in the assigned reading articles by
Thaler and Rutter and in your answer please be sure to include the URL link to the sources you are using. b.) According to the strategies
described in this week's assigned readings by Thaler and Rutter, how can the nudge you provided as examples meet Thaler's principle of
leading to better outcomes for society? c.) Explain how each of the nudge examples you provided also meet the other two principles of
Thaler's guide for the use of a nudge.
Transcribed Image Text:This discussion question has three parts, a, b, and, c. The discussion question is: In a New York Times article by economist Richard
Thaler, "The Power of Nudges, for Good and Bad," nudging is described as strategies that encourage consumers to buy products that they
might otherwise not consider and "The Rise of the Nudge" by Tamsin Rutter describes nudges in the service of government.
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