Why the people decide to go for the default option

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Reference no: EM13214120

Behavioral economists believe that people do not always act in ways the traditional economic framework suggests they should which of the following are examples of this? check all that apply (why)

1. Some people treat $100 they earn differently from 100 they win in a random drawing.

2. Some people would trun down a new, higher-paying job if it meant spending less time with their family.

3. Some people decide to go for the default option, when choosing among various possible levels of health insurance, despite the fact that a higher or lower level of coverage would have worked better for them.

Reference no: EM13214120

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