Behavioral Vocabulary Review

Behavioral Vocabulary Review

Assessment

Flashcard

History

12th Grade

Hard

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12 questions

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1.

FLASHCARD QUESTION

Front

A subconscious error in thinking that leads to irrational decision making

Back

Cognitive Bias

2.

FLASHCARD QUESTION

Front

Study of economics that applies psychological insights into human behavior and to explain economic decision making

Back

Behavioral Economics

3.

FLASHCARD QUESTION

Front

The tendency to search for information that supports your preconceptions and to ignore contradictory evidence.

Back

Confirmation Bias

4.

FLASHCARD QUESTION

Front

Tendance to put more value on things you already own

Back

Endowment Effect

5.

FLASHCARD QUESTION

Front

An emotional response to the belief that other people are living better, more satisfying lives or you are missing important opportunities

Back

FOMO - Fear of Missing Out

6.

FLASHCARD QUESTION

Front

Occurs when individuals adopt the beliefs, behaviors and attitudes of the majority in the group

Back

Herd Mentality

7.

FLASHCARD QUESTION

Front

Tendency people have to dislike losses more than they enjoy gains

Back

Loss Aversion

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