Cognitive Economics
Description: Cognitive Economics Quiz: Test Your Understanding of How Cognitive Processes Influence Economic Decisions | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: cognitive economics behavioral economics decision-making bounded rationality |
What is the central focus of cognitive economics?
Which concept in cognitive economics emphasizes the limits of human rationality?
What is the name of the theory that describes how individuals evaluate gains and losses differently?
What is the term for the tendency to rely on mental shortcuts and simplified rules when making decisions?
Which cognitive bias describes the tendency to give more weight to recent information?
What is the phenomenon where individuals tend to stick to their initial beliefs even when presented with contradictory evidence?
Which cognitive bias refers to the tendency to rely too heavily on a single piece of information when making a decision?
What is the term for the tendency to evaluate options based on how they are presented or framed?
Which cognitive bias describes the tendency to overestimate the likelihood of events that are vivid and emotionally charged?
What is the term for the tendency to believe that one could have predicted an outcome after it has already occurred?
Which concept in cognitive economics refers to the tendency to allocate money into separate mental accounts for different purposes?
What is the term for the tendency to place more value on items that are difficult to obtain or require effort to acquire?
Which cognitive bias refers to the tendency to continue investing in a losing venture in the hope of recovering losses?
What is the term for the tendency to make decisions based on emotions and gut feelings rather than rational analysis?
Which concept in cognitive economics emphasizes the role of social norms and cultural factors in shaping economic behavior?