Nudging is the Architecture of Choice in the World of Banking



Main Article Content

Paulo Monteiro Rosa
https://orcid.org/0000-0003-2497-1584 orcid

Abstract

A nudge is a prompt that helps people adopt a desired behavior. Subtle signposts or slight changes in our environment can have a major impact on our choices and behaviors. So, when banks communicate the advantages of retirement savings in their branch windows or on their website, they encourage people to increase the amount they actually save for retirement simply because these prompts and messages are more visible to them. The aim of targeted nudges in our lives, environments, habits, and processes is to achieve better decisions and outcomes.



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How to Cite
Rosa, P. M. (2022). Nudging is the Architecture of Choice in the World of Banking. Journal of Contemporary Administration, 26(5), e220073. https://doi.org/10.1590/1982-7849rac2022220073.en
Section
Executive Letters

References

Leal, C. C., & Oliveira, B. (2020). Choice architecture: Nudging for sustainable behavior. In C. F. Machado & J. P. Davim (Eds.), Sustainable management for managers and engineers (Chap. 1). Hoboken, NJ: John Wiley & Sons. https://doi.org/10.1002/9781119804345.ch1
Thaler, R. & Sunstein, C. (2008). Nudge: Improving decisions about health, wealth, and happiness. London: Penguin Books.