#1
What term is used in behavioral economics to describe the phenomenon where individuals tend to overvalue immediate rewards and undervalue future rewards?
#2
What is the term for the tendency to rely too heavily on the first piece of information encountered when making decisions?
#3
What is the term for the tendency to seek out information that confirms one's preexisting beliefs and ignore information that contradicts them?
#4
In behavioral economics, what is the term for the tendency to continue investing in a project or decision because of the resources already invested, regardless of future outcomes?
#5
What is the term for the tendency to place a higher value on an item simply because one owns it?
#6
Which concept in behavioral economics refers to the tendency of people to rely on the first piece of information encountered when making decisions?
#7
In the context of behavioral economics, what is hyperbolic discounting?
#8
Which cognitive bias involves making decisions based on the information readily available rather than the complete or accurate data?
#9
What is the term for the psychological tendency to believe that if something happens frequently in the past, it will continue to happen in the future?
#10
In the context of behavioral economics, what is the term for the tendency to ascribe positive qualities to an object simply because one owns it?
#11
Which behavioral economics concept involves the tendency to place a higher value on an item simply because it belongs to oneself?
#12
Which behavioral economics concept involves the tendency of people to irrationally continue investing in a project or decision based on what they have already invested, regardless of future outcomes?
#13
In the Ultimatum Game, which is a common experiment in behavioral economics, what does the proposer offer to the responder?
#14
Which concept in behavioral economics refers to the tendency to make decisions based on the way the information is presented, rather than the information itself?
#15
According to prospect theory, individuals are more sensitive to losses than gains. What is this phenomenon called?
#16
Which behavioral economics concept refers to the tendency to overestimate the likelihood of rare events or extreme outcomes?
#17