SC-1.2 Your Brain and Money | Baamboozle - Baamboozle

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Thinking less about some purchases than others (willing to spend money we didn't expect)

mental accounting

The tendency to listen more often to information that confirms your beliefs

confirmation bias

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

An error in the way we think that can influence our decisions

cognitive bias

Combines economics and psychology to study why people behave the way they do

behavioral economics

What is one benefit of taking a mental break?

answers will vary

What is one of the most common financial resolutions?

pay down debt; spend less; save more

What is one thing you learned today?

answers will vary

What does FOMO stand for?

Fear of Missing Out

What is our coping skill of the day?

Taking Time

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