Behavioral Economics Review

_____ is the tendency to make decisions about a current situation based on what resources you have already invested in the situation.

________is the use of websites and other platforms to promote a product or service.

FOMO is an acronym for ________

When a person believes they are better at something than they actually are, that is __________bias.

_____ is the tendency to return to a baseline level of happiness regardless of whether you go through a positive or negative experience or event.

The subfield of economics that applies psychological insights into human behavior and to explain economic decision making is _________.

________ are the costs that have already been incurred and cannot be recovered.

The tendency to search for information supporting our preconceptions and to ignore or distort contradictory evidence is __________ bias.

The tendency people have to conform to the behaviors and beliefs of the people around them is _________.

The tendency to feel anxiety that an exciting or interesting even may currently be happening elsewhere, often aroused by posts seen on a social media website is ________