Defaults influence behavior more than expected from "summary" of Misbehaving by Richard H Thaler
Defaults are a powerful force in shaping human behavior. They have the ability to nudge individuals in a particular direction without them even realizing it. People often adhere to defaults simply because it requires less effort than considering all available options and making a decision. This phenomenon is known as "status quo bias" - the tendency to stick with the current state of affairs unless there is a compelling reason to change. In the realm of decision-making, defaults play a crucial role in influencing our choices. For example, when given the option to opt-in or opt-out of a retirement savings pla...
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