Economics Vocabulary Flashcard

Economics Vocabulary Flashcard

Assessment

Flashcard

Financial Education

11th Grade

Hard

Created by

Wayground Content

FREE Resource

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26 questions

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1.

FLASHCARD QUESTION

Front

What is Behavioral Economics?

Back

The subfield of economics that applies psychological insights into human behavior

2.

FLASHCARD QUESTION

Front

What does Cognitive Bias refer to?

Back

A subconscious error in thinking that leads to irrational decision making

3.

FLASHCARD QUESTION

Front

What is Confirmation Bias?

Back

The tendency to search for information that supports our preconceptions.

4.

FLASHCARD QUESTION

Front

What does FOMO (Fear of Missing Out) describe?

Back

The anxiety that an exciting event may be happening elsewhere.

5.

FLASHCARD QUESTION

Front

What is Herd Mentality?

Back

The tendency to conform to the behaviors and beliefs of the people around you

6.

FLASHCARD QUESTION

Front

What is Loss Aversion?

Back

The tendency to regard losses as considerably more important than gains

7.

FLASHCARD QUESTION

Front

What does Overconfidence Bias refer to?

Back

The tendency to be more confident in one's own abilities than is justified

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