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Beh Econ

  •  English    8     Public
    vocabulary
  •   Study   Slideshow
  • What phrase means a subconscious error in thinking that lead to irrational decision making?
    cognitive bias
  •  15
  • What phrase meand the tendency to search for information that supports our preconceptions and to ignore or distort contridicatary evicence?
    confirmation bias
  •  15
  • What phrase means the tendency to put more value on things you already own?
    endowment effect
  •  15
  • What phrase means the tendency to feel anxiety that an exciting/interesting event may currently be happening elsewhere, often aroused by social media posts?
    fear of missing out
  •  15
  • What phrase means the tendency to return to a baseline level of happiness regardless of whether you go through a psitive or negative event/experience?
    hedonic adaption
  •  15
  • What phrase mean the tendency to conform to the behaviors and beliefs of the people around you?
    herd mentality
  •  15
  • What phrase means the tendency to regard losses as considerably more importatn than gains of comparable magnitude?
    loss aversion
  •  15
  • What phrase means the tendency to people have to be more confident in their own abilities?
    overconfidence bias
  •  15