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SC-1.2 Your Brain and Money
Game Code: 1585046
English
10
Public
Explain what cognitive bias is and how it can impact their decision making
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khanrahan
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What is our coping skill of the day?
Taking Time
15
What does FOMO stand for?
Fear of Missing Out
15
What is one thing you learned today?
answers will vary
15
What is one of the most common financial resolutions?
pay down debt; spend less; save more
15
What is one benefit of taking a mental break?
answers will vary
15
Combines economics and psychology to study why people behave the way they do
behavioral economics
15
An error in the way we think that can influence our decisions
cognitive bias
15
You go to a restaurant and order a big meal. Even though you are full, you keep eating because it was expensive. This is an example of which bias?
Sunk Cost
15
The tendency to listen more often to information that confirms your beliefs
confirmation bias
15
Thinking less about some purchases than others (willing to spend money we didn't expect)
mental accounting
15
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