Behavioral Finance Identify a common financial mistake that you see people make. Explain why...
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Accounting
Behavioral Finance
- 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?
Thank you! Typed, please.
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