Behavioural Economics and Economic Policy (AQA A-Level Economics): Flashcards

Deliberate design of how choices are presented to people

Subtly encouraging better choices without restricting freedom

Option automatically selected unless alternative chosen

Opt-out systems

How information is presented shapes choices people make

Required explicit decision, not accepting a default

Deliberately limiting options to prevent decision paralysis

Influencing behaviour without prohibiting options or incentives

Nudges guide; shoves force

People more likely to give if they perceive it as social norm