Behavioural economics has made its way into two main forms of real-life applications:
Choice Architecture
The way in which options are showcased to decision-makers where there is emphasis on the design and environment to influence decisions.
Choice architecture focused on the following question:
How choices are presented to people?
Choice architecture differentiates between three different types of choices:
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Paywall
(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.
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