When companies changed the structure of 401(k) plans to allow employees to opt out rather than in,
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When companies changed the structure of 401(k) plans to allow employees to opt out rather than in, the participation rates significantly increased.
This is an example of:
a. Representativeness.
b. The house money effect.
c. Frame dependence.
d. A heuristic.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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