Behavioural economics and economic policy

• Choice architecture 


  Influencing consumer choices by the way choices ade presented
• Framing


  influencing consumer choices by the way words and numbers are used
• Nudges


  Influencing consumer behaviour via the use of gentle suggesting and positive reinforcement
• Default choice


  Influencing consumer behaviour by setting socially desirable choices as default options
• Mandated choice


  Where people are legally required to make a choice
• Restricted Choice


  Giving consumers a limited number of options when making a choice