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NUDGE.

Authors :
Singh, Siddharth
Source :
IASSI Quarterly; Jan-Mar2019, Vol. 38 Issue 1, p154-164, 11p
Publication Year :
2019

Abstract

Improving Decisions about Health, Wealth and Happiness,-Richard H. Thaler, Cass R. Sunstein, Yale University Press, New Haven Et London "Status quo bias" says that the humans stick to status-quo and prefer to go with the default options in a situation where they are faced with multiple choices between picking a default (recommended feature) and making a custom choice. Economic theory considers money as "fungible" but mental accounting considers it as non-fungible and assigns money for different purposes which cannot be infringed cutting down on temptation The state has ownership over the organs of the individuals and state has right of removal over it. [Extracted from the article]

Details

Language :
English
ISSN :
09709061
Volume :
38
Issue :
1
Database :
Supplemental Index
Journal :
IASSI Quarterly
Publication Type :
Review
Accession number :
140330543