Business, Life Skills

9th -

12thgrade

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Behavioral Economics

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20 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    You see an advertisement promoting a sale “for a limited time only!” with a countdown clock. Which bias is being used?

    Herd Mentality

    Loss Aversion

    Hedonic Adaptation

    Fear of Missing Out (FOMO)

  • 2. Multiple Choice
    30 seconds
    1 pt

    Behavioral economics is …

    The study of how rational people make economic decisions

    The study of how irrational factors affect individual’s economic decisions

    The study of how economies around the world interact with each other

    The study of how investors choose which stocks to buy and sell

  • 3. Multiple Choice
    30 seconds
    1 pt

    Guy bought tickets to a concert but there is a bad snow storm. He decides to go anyway because he paid for it. This is

    Sunk Cost Fallacy

    Endowment Effect

    Overconfidence

    Herd Mentality

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