Behavioral Economics

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Across
  1. 6. A type of error where we overestimate our ability to make rational choices. (Two words)
  2. 7. The concept of making choices based on comparisons rather than absolute values.
  3. 8. A system where people must actively sign up or agree to participate in something. (Two words)
Down
  1. 1. The default setting or pre-selected option that significantly influences decisions. (Two words)
  2. 2. The idea that people’s choices are influenced by how information is presented. (Two words)
  3. 3. The mental shortcut or systematic error in thinking that affects decisions and judgments. (Two words)
  4. 4. A phenomenon where an unattractive choice influences people to choose between other options. (Two words)
  5. 5. The principle that people prefer avoiding losses over acquiring equivalent gains. (Two words)