1
Q
Write the definition of: Default Choice
A
When someone is automatically enrolled into a certain choice.
2
Q
Write the definition of: Restricted Choice
A
When consumers are able to choose between options but the difficulty of choosing some options is much higher than others.
3
Q
Write the definition of: Mandated Choice
A
When people are legally required to make a choice.
Eon Gapsc
flashcards
Decks in class (32)
# Cards
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How to Draw PPFs - Showing Shifts With Increasing Opportunity Cost5
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How to Draw PPFs - Showing Shifts With Constant Opportunity Cost4
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Prodct Ity3
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Specialisation & The Division of Labour8
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Specialisation & The Division of Labour5
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Total Vs Marginal Utility8
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Quiz On Total Vs Marginal Utility5
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Diminshing Marginal4
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Diminishing Marginal Utility and the Demand Curve7
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Diminishing Marginal Utility Quiz6
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Another Quiz For Diminishing Marginal Utility5
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Behavioural Economics Introduction5
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Cnsumer Behaviour5
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Bounded Rationality4
-
Bounded Self Control6
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Altruism7
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Cognitive Biases - Social Norms7
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Cogntivie Biases Quiz4
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Cognative Biases8
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Cognotive Biases - Availability Bias5
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Cognitive Biases - Rules of Thumb4
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Quiz Avavibikity Bias6
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Choice Architecture And Nudges6
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Framing3
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Quiz Nudges Etc5
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Quiz Choice Architecture Etc5
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Default, Restricted and Mandated Choices8
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Consumer Behaviour And Stuff5
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Default Choice3
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Last Quiz For Behavioural Economics5
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Using Behavioural Economics to Evaluate2
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Behavioural Economics Policies10
