Asked by Devyn Smallwood on May 24, 2024

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Professor Bob has an incredibly messy office, and really wants to change but just can't.Professor Bob just read his first book about behavioral economics.To help him keep his office more neat, Professor Bob could hire

A) an expensive office consultant to set up an organizational scheme.Because the consultant's visit was so expensive, Professor Bob will not want to lose his investment.
B) a very expensive custodial service that will clean and bill Professor Bob only when his office needs cleaning.
C) somebody to clean his office once a week for the entire year whether it needs it or not.
D) a sarcastic graduate student to make fun of him when his office becomes messy.
E) All of the above would be equally effective in changing Professor Bob's behavior.

Behavioral Economics

The study of psychology as it relates to the economic decision-making processes of individuals and institutions.

Organizational Scheme

A structured plan or system that outlines the arrangement of work and responsibilities within an organization.

  • Review the impact of personal restraint techniques on economic actions, and tactics to boost their performance.
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JB
Junace BolandMay 28, 2024
Final Answer :
B
Explanation :
A custodial service that only cleans when Professor Bob's office needs it will create a financial incentive for him to keep his office more organized and less messy. As he will be billed each time the custodial service comes, he will not want to waste money on unnecessary cleanings. This method also allows him to have a clean office without feeling like he is losing his investment, as the service is only used when it's necessary. Consequently, This is the most effective and reasonable option.