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Defaults and Attention: The Drop Out Effect

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NBER2012-04-01 更新2025-01-04 收录
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When choice options are complex, policy makers may seek to reduce decision making errors by making a high quality option the default. We show that this positive effect is at risk because such a policy creates incentives for decision makers to "drop out" by paying no attention to the decision and

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2012-04-01
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