What does default effect mean?
Definitions for default effect
de·fault ef·fect
This dictionary definitions page includes all the possible meanings, example usage and translations of the word default effect.
Wikipedia
Default effect
The default effect, a concept within the study of nudge theory, explains the tendency for an agent to generally accept the default option in a strategic interaction. The default option is the course of action that the agent, or chooser, will obtain if he or she does not specify a particular course of action. The default effect has broad applications for firms attempting to 'nudge' their customers in the direction of the firm's optimal outcome. Experiments and observational studies show that making an option a default increases the likelihood that such an option is chosen. There are two broad classes of defaults: mass defaults and personalised defaults. Setting or changing defaults has been proposed and applied by firms as an effective way of influencing behaviour—for example, with respect to setting air-conditioner temperature settings, giving consent to receive e-mail marketing, or automatic subscription renewals.
Numerology
Chaldean Numerology
The numerical value of default effect in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of default effect in Pythagorean Numerology is: 6
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"default effect." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/default+effect>.
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