Psychology and the economy
- Created by: Dorii
- Created on: 16-03-17 19:03
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Irrational thinking- exploring irrational thinking
Availability heuristics- allow us to make decisions quickly; likelihood of selecting something is related to its availability eg reading about plane accidents, makes the info more available when making a probability judgement about the likelihood of being in such an accident
framing effect- same ideas framed differently will produce a different effect
real world influences- understanding irrational…
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