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Economic Psychology

This class was created by Brainscape user Cécile Vital-Durand. Visit their profile to learn more about the creator.

By: Cécile Vital-Durand
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Decks in this class (11)

Expected utility theory
4 preference assumptions 1,
Ordinal v cardinal statement 2,
Probability is calculated based on 3
12  cards
Decision-making and general framework for judgement
Decision requires 1,
Rational expectations principle 2,
Incomplete thinking is due to 3
11  cards
Anchoring and judging heuristically
Anchoring 1,
Estimating frequencies 2,
Availability heuristic process 3
7  cards
Explanation-based judgements and thinking irrationally about uncertainty
Conjunction probability error 1,
Why do people commit conjunction ...,
Order of proof effect 3
10  cards
Inverse probabilities and evaluating consequences
Correspondence framework for accu...,
How to avoid inverse probability ...,
Probability fallacies 3
8  cards
Deliberate v intuitive decision-making
Difficult choices when 1,
Choice strategies 2,
Order effects 3
12  cards
Prospect theory, emotions, neurosciences and uncertainty
Endowment effect 1,
Query theory 2,
Emotion appraisal theory 3
15  cards
Behavioural law and economics
Coase theorem 1,
Bounded rationality creates biases 2,
Bounded will power 3
6  cards
Repugnant markets
What is a repugnant transaction 1,
Interacts with other factors 2,
Why is it repugnant 3
4  cards
Self-control and economic decisions
Standard time discounting 1,
Hyperbolic time discounting 2,
Childhood self control study 3
5  cards
Neuroeconomics
Computational model steps 1,
Brain computes decision value sig...,
Brain computes experienced utilit...
8  cards

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Economic Psychology

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