Behavioral Economics

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Across
  1. 5. based on where it came from
  2. 7. "Generally, ___________ % of th eitems we own give us eighty% of the utility of all our possessions
  3. 9. separating money into imaginary accounting in your mind
  4. 10. The perceived value of getting a good deal
  5. 12. "Everyone else has the new phone! Look there is only one left in stock!"
Down
  1. 1. investors are not always rational. Our biases can limit our ability to make purely rational investment decisions
  2. 2. Rule: Money is ___________ or totally interchangeable. A dollar should not be treated
  3. 3. Buying extra stuff you don't need, just to get your money's worth
  4. 4. Sometimes we modify our _____________ to be in line with the group
  5. 6. people are more likely to retain an object they own than acquire that same object when they do not own it
  6. 8. "Personal Finance is only 20% head knowledge. It's 80% ____________________
  7. 11. "Dude just enjoy the moment!"