The tendency to listen more often to information that confirms your beliefs
confirmation bias
What is one thing you learned today?
answers will vary
Combines economics and psychology to study why people behave the way they do
behavioral economics
An error in the way we think that can influence our decisions
cognitive bias
What is one benefit of taking a mental break?
answers will vary
What does FOMO stand for?
Fear of Missing Out
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
Thinking less about some purchases than others (willing to spend money we didn't expect)
mental accounting
What is our coping skill of the day?
Taking Time
What is one of the most common financial resolutions?
pay down debt; spend less; save more