Discuss how public policies should function to improve

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Discuss how public policies should function to improve citizen decision-making. Address the extent to which understanding the differences between System 1 (imperfect optimization) and System 2 (bounded self-control) thinking is important to developing effective public policies. Make sure to define and highlight concepts such as bounded rationality and System 1/System 2 thinking. Please provide a policy example to support the decision-making.

Reference no: EM133430822

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