What factor does the speaker suggest influences our savings behavior?

Understanding Savings Behavior

Interactive Video
•
Business, Life Skills
•
9th - 12th Grade
•
Hard

Aiden Montgomery
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Intelligence
Income level
Willpower
Environmental cues
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the study mentioned, how did viewing income on a weekly basis affect budgeting?
It made budgeting more difficult
It had no effect on budgeting
It improved budgeting throughout the month
It decreased savings
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main idea behind the concept of pre-commitment?
Spending money freely
Avoiding any financial commitments
Making decisions for your future self
Saving money only when convenient
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the A/B test, what was the result of asking people to pre-commit to saving their tax refund?
Savings rates remained the same
Savings rates increased
People spent more of their refund
Savings rates decreased
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What psychological effect is used to motivate financial actions during transition moments?
The fresh start effect
The anchoring effect
The endowment effect
The sunk cost fallacy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the targeted ad for 64-year-olds differ in the second group?
It highlighted a transition
It offered a discount
It was less specific
It was not shown
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common regretful purchase that affects savings, according to the speaker?
Buying electronics
Traveling
Eating out
Buying clothes
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