What is a 'nudge' as described in the video?

Understanding Nudges and Well-Intentioned Capitalism

Interactive Video
•
Business, Social Studies, Life Skills
•
10th - 12th Grade
•
Hard

Ethan Morris
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial incentive for saving
A forceful action to change behavior
A small environmental feature that alters behavior
A legal requirement to follow
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between a 'nudge' and a 'push'?
A nudge is expensive, a push is cheap
A nudge is mandatory, a push is optional
A nudge is subtle, a push is forceful
A nudge is a law, a push is a suggestion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What lesson should risk managers have learned from Long Term Capital Management's failure?
Hedge funds never make similar bets
Black swan events are predictable
Systematic risk is often underestimated
Investments are always uncorrelated
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can firms incentivize prudent financial transactions according to the video?
By eliminating all risks
By increasing transaction fees
By deferring a portion of high salaries
By offering immediate bonuses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one method mentioned to encourage people to save more for retirement?
Automatic enrollment in savings plans
Reducing interest rates on loans
Increasing taxes on non-savers
Offering free financial advice
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 'save more tomorrow' plan?
A plan to save more after retirement
A plan to increase savings with each raise
A plan to save more by cutting expenses
A plan to save only during economic booms
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the US government encourage companies to nudge employees to save?
By offering tax breaks for compliance
By mandating savings plans
By penalizing non-compliant companies
By providing free financial workshops
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