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Ask a question to our educatorsHow could the government use behavioural economics to encourage people to save for their old age.analyse one method and evaluate its effectiveness?
There are several ways you could approach this. Firstly, social norms/herd behaviour. If people see their peers saving for old age they will be very likely to do the same. You could also possibly investigate availability bias. If people hear a big story in the news that presents saving for their old age as a positive thing, they will have a prominent example in their mind of why they should save. Please message me if you need more help writing this essay!
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