Unit 1 Vocab

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Across
  1. 1. (Fear of Missing Out) The tendency to feel anxiety/fear that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website
  2. 4. Economics The subfield of economics that applies psychological insights into human behavior and to explain economic decision making
  3. 8. Cost Fallacy The tendency to make decisions about a current situation based on what resources you have already invested in the situation
  4. 9. Media Marketing The use of social media platforms and websites to promote a product or service
  5. 10. When a person believes they are better at something than they actually are
Down
  1. 2. When a person has an exaggerated certainty that an answer is correct
  2. 3. Bias The tendency people have to be more confident in their own abilities
  3. 5. Mentality The tendency to conform to the behaviors and beliefs of the people around you
  4. 6. When a person mistakenly believes they are better than others
  5. 7. Aversion The tendency to regard losses as considerably more important than gains of comparable magnitude
  6. 9. Costs Costs that have already been incurred and cannot be recovered