, Columnist
Don't Underrate the Power of the Default Option
People suffer when a judge fails to understand a critical behavioral tool.
Opting out is not as simple as it seems.
Photographer: Francis Joseph Dean/Corbis News/Getty ImagesIf Olympic medals were awarded for the most powerful tools in behavioral economics, what would win the gold?
The answer is clear: default rules, which decide what happens if people do nothing at all.
