Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Economic Psychology > Lecture 14: Wrap Up > Flashcards

Lecture 14: Wrap Up Flashcards

You may prefer our related Brainscape-certified flashcards:
AP® Psychology flashcards Psychology 101 flashcards GRE® Psychology flashcards
1
Q

behavioral economics

A

seeks to use psychology to inform economics, while maintaining the emphases on mathematical structure and explanation of field data that distinguish economics from other social sciences

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

equilibrium in market

A

means that supply meets demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

equilibrium in a strategic game

A

means all agents are choosing optimal strategies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

availability heuristic

A

easily retrievable information is over weighted

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

representativeness heuristic

A

hypotheses that are well represented by evidence are thought to be likely

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Economic Psychology (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions