Identify a common financial mistake that you see people make. Explain why the mistake happens using behavioral

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Identify a common financial mistake that you see people make.

Explain why the mistake happens using behavioral economics concepts (biases, noise, heuristics, nudges, etc.)

What would be an appropriate nudge to help people avoid the mistake; why?

How you would test whether it works?

What could go wrong (pitfalls) with the nudge?

Who (government, business, the individual?) should implement the nudge and why?

Related Book For answer-question

Market Based Management

ISBN: 978-0130387752

6th edition

Authors: Roger Best

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Posted Date: Jul 22, 2020 02:12 AM

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Identify a common financial mistake that you see people make. Explain why the mistake happens using behavioral

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Part1 Excessive borrowing and spending is common mistakes poeple make Part2 Reason for mistakes is t... View the full answer

Market Based Management

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