Provide an example of a recent occurrence when you either procrastinated about a purchase or impulsively made a purchase. Discuss what made you behave that way or describe the circumstances that caused you either to procrastinate the purchase or impulsively make the purchase.Using what you now know about the field of behavioral economics, describe the new insight you have on the behavior you described above.Describe how the U.S. IRS can apply behavioral economics to entice individuals to pay their taxes and on time.
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