Head and the heart Flashcards
Define automatic behaviour
Sleep, breathing, standing
Define controlled behaviour
Rationality
Why does culture affect the heart vs mind debate
Different areas have different concepts of the location of emotion
What is rational choice
A mid Victorian economic concept stating that all actions entail a cost-benefit analysis which determines choice.
Define game theory
Mathematically determine the best strategies in competitive situations.
In experiments on game theory who responded in a predicated behavioural was according to the game theory.
Psychopaths and economists
Define behavioural economics
how does our economic behaviour differ from the rational
What is a cognitive biases
systematic errors in thinking, predictably irrational not random
What are heuristics
A mental shortcut that allows people to solve problems and make judgements quickly and efficiently.
Define nudge theory
Offering small clues that support decision making
