Detailed text transcripts for TV channel - CNN - 20120101:18:49:00
You say i agree at the end. that is a place where behavior economics is making an important contributions and i think a correction to the old classical economic model of the rational agent. >> the sort of classic example of what you're saying, you give people the default option to save rather than not to save. on their salary forms you say check here if you want to opt out of the ira or savings plan so the default is they save and the result is you have many, many more people saving. >> one of the most dramatic examples of that is in europe. about half of the country is on organ donation have ...