Behavioral Economics

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Across
  1. 3. When a person mistakenly believes they are better than others
  2. 4. The tendency to make decisions about a current situation based on what resources you have already invested in the situation
  3. 5. The use of social media platforms and websites to promote a product or service
Down
  1. 1. A strategy used to combat loss aversion by imagining that overnight something you own has been replaced with cash, then determining whether you would prefer to keep the cash or buy the item back
  2. 2. When a person has an exaggerated certainty that an answer is correct
  3. 5. Costs that have already been incurred and cannot be recovered