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Economics
final real world examples
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Cara Britton
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Cards (6)
2.4 anchoring bias
australian supermarket
food sales
2.4 nudges
australian supermarkets
health ratings
+
food location
2.4 default choice
organ donors
:
UK
yes: >90%
US
no: <40%
2.4 mandated choice
illinois
:
organ donors
on
drivers license
60% participation
2.4 business objectives - corporate social responsibility
ben and jerry's fair trade
2.5 price elasticity of demand
fast food
low <1
luxury cars
high >1