Well-designed defaults benefit both company and consumer, simplifying decision making, enhancing customer satisfaction, reducing risk, and driving profitable purchases.
Well-designed product or service defaults benefit both company and consumer by simplifying decision making, enhancing customer satisfaction, reducing risk, and driving profitable purchases.
Fewer defaults benefits taxpayers and students.
Many of those in default could benefit from a flexible payment plan or loan forgiveness.
These cost-benefit default principles are both legitimate and salutary, because they give rationality and sense the benefit of the doubt.
Cass R. Sunstein, "Cost-Benefit Default Principles" (John M. Olin Program in Law and Economics Working Paper No. 104, 2000).
The five debt collectors, according to the department, misled borrowers about their options to get out of default, the resulting benefits to their credit reports and collection fees.
Most important, default because you will benefit -- there is nothing more important than that.
"All the landlords will tell you that there is so much default now with housing benefit tenants that you are just simply better off with somebody working".
More than 600 million WhatsApp users are about to benefit from default end-to-end encryption, which should prevent any snoops spying on their communications.
Designing a public transport system that incentivises low-carbon options such as cycling requires an understanding of its users – but when data is unavailable, the default is likely to benefit one particular demographic, usually the "average" man.
