Thediscussion questionis:In a New York Times article by economist Richard Thaler, “The Power of Nudges, for Good and Bad,” nudging is described as strategies that encourage consumers to buy products...

Thediscussion questionis:

In a New York Times article by economist Richard Thaler, “The Power of Nudges, for Good and Bad,” nudging is described as strategies that encourage consumers to buy products that they might otherwise not consider and "The Rise of the Nudge" by Tamsin Rudder describes nudges in the service of government.

Terms or concepts include the following:
framing bias, sunk cost fallacy, altruism, overvaluing the present relative to the future, overconfidence,diminishing marginal utility, utility, price (or cost) greater than utility received, cost and burden resulting from the nudge, nudges good for society, well-being of those being nudged, ease of opting out, the ease of opting out made possible by ___ , encouraged behavior will improve welfare by _____, phishing, transparency and never misleading, happiness and satisfactionas explained in the textbook, readings, and other course materials.

Please be sure to use bold type or underline, or both, the minimum of four terms in the text of your initial discussion post as you use them. Failure to follow instructions on word count reporting (minimum required), not highlighting the four terms or concepts using underlining or bold (whichever works better when writing and uploading your text), and generally not following grading rubric instructions will result in significant grade point reduction. The word count must be written in parentheses after the discussion post and replies or the discussion post will either receive 0 points, a substantial grade point penalty, or not be graded at all.

To enhance your chances of achieving an exemplary grade for each discussion, please note the location where each of the four concepts or terms you use in your discussion can be found in the reading or video by citing - inside parenthesis - the specific named source and page of the text or video time. For example: economic efficiency (Chiang, p. 34), or, economic efficiency (Video 4 on Human organs, 20:55). Be sure to bold the terms in the text of your initial discussion post as you use them. Put the source and location for each of your highlighted terms or concepts from the list of key terms or concepts for exemplary grade point consideration. The word count must be written in parentheses after the discussion post and replies or the discussion post will either receive 0 points, a substantial grade point penalty, or not be graded at all.