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behavioral economics
Derived from the broader field of behavioral economics, Choice Architecture refers to the design and presentation of choices in a way that influences decision-making. It’s not about removing choices or coercing people but about structuring them in a way that nudges individuals towards certain decisions. Key tools in choice architecture include framing, default options, and...
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The landscape of design is vast and varied, with myriad approaches that aim to guide users toward specific actions. At the heart of this realm lies User Experience (UX) Design, a discipline focused on creating intuitive and delightful digital interactions. But there’s another player in the arena—Choice Architecture—a technique grounded in behavioral science that structures...
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In an era where we’re overwhelmed with options, the power of choice is both a boon and a burden. From selecting between savings plans to navigating a labyrinth of loan options, personal banking decisions can be daunting. However, with choice architecture, banks can guide customers towards healthier financial behaviors without limiting their freedom of choice....
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Every day, we make a plethora of decisions – from the mundane, like choosing what to wear, to the profound, such as selecting a mortgage plan. While these choices might seem personal and free-willed, the reality is that many of them are influenced by subtle cues in how they are presented to us. Welcome to...
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