Which of the following is a response to People's inconsistent behavior over time ?
Correct answer: B. forced contributions to a retirement plan
- A. all of these answers
- B. forced contributions to a retirement plan
- C. year-end bonuses
- D. efficiency wages
Explanation
Forced retirement contributions help people overcome present bias by committing part of their current income to future needs. Year-end bonuses and efficiency wages do not directly address inconsistent preferences over time.
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