Behavioural economics

?
Availability Bias
People making judgements about the probability of events by how easy it is to recal examples of such events
1 of 7
Anchoring
Relying on the first piece of information received, making a decision based on this information
2 of 7
Social Norm
A belief held by a group of people with whom we associate about how we should behave in a given situation
3 of 7
Alturism
The selflessness concern for the well being of others- donating money etc.
4 of 7
Framing
Tendency for people to be influenced by the context in which the choice is presented when making a decision- £30 a month or £300 a year
5 of 7
Choice Architecture
How choices can be influenced by the way in which the various options are presented to the decision maker- opt out scheme by gov- socially desirable outcome
6 of 7
Nudge
Changing peoples behaviour in a predictable manner without removing the choice of freedom- healthy food on eye level etc.
7 of 7

Other cards in this set

Card 2

Front

Relying on the first piece of information received, making a decision based on this information

Back

Anchoring

Card 3

Front

A belief held by a group of people with whom we associate about how we should behave in a given situation

Back

Preview of the back of card 3

Card 4

Front

The selflessness concern for the well being of others- donating money etc.

Back

Preview of the back of card 4

Card 5

Front

Tendency for people to be influenced by the context in which the choice is presented when making a decision- £30 a month or £300 a year

Back

Preview of the back of card 5
View more cards

Comments

Br_Joey99

Report

1 across is spelt ALTRUISM not alturism

Similar Economics resources:

See all Economics resources »See all Behavioural economics resources »