Behaviorial Economics Video Quizizz

What is FOMO?

Have you ever experienced FOMO? Have you ever felt pressured to buy something you later regretted?

A ​ (a)   means someone may prefer to receive ten dollars today over receiving fifteen dollars tomorrow. And a cognitive bias that causes people to feel the pain of loss more than the pleasure of gain is called ​ (b)  

• present bias
• loss aversion.
• poverty trap
• FOMO

Have you ever made a bad financial decision based on emotion? Give a quick description/example.