For each explain the phenomena provide one specific example, Ask an Expert

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For each, explain the phenomena, provide one specific example of how this can interfere with optimal human capital investment decisions, and imagine one potential policy reform (or institutional reform) that might address it.

a) Channel factors (or relatedly, default bias/inertia)

b) Myopia (“present bias” or sometimes, “hyperbolic discounting”)

c) Choice overload

d) Bounded self-control

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Operation Management, Management Studies

Category:- Operation Management
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