Across
- 2. __________ Discounting: A cognitive bias where individuals show a preference for smaller, immediate rewards over larger, delayed rewards.
- 4. A theory explaining how individuals evaluate potential gains and losses relative to a reference point, often making them risk-averse in the domain of gains and risk-seeking in the domain of losses.
- 5. A cognitive bias where people heavily rely on initial information encountered when making subsequent decisions.
- 9. The concept that individuals make choices based on limited information and cognitive abilities, leading them to settle for satisfactory outcomes rather than optimal ones.
- 11. A field of study that examines how cognitive and emotional aspects impact economic decisions and behavior.
Down
- 1. Mental shortcuts or rules of thumb that individuals use to simplify decision-making and problem-solving.
- 3. The design of the decision-making environment, which can impact individuals' choices and behavior.
- 6. The tendency for individuals to strongly prefer avoiding losses over acquiring equivalent gains, leading to a risk-averse behavior.
- 7. The inclination for people to prefer the existing state of affairs and be hesitant to change from the current situation.
- 8. A subtle alteration in the presentation of choices that aims to influence decisions without restricting individual freedom.
- 10. A cognitive bias where the way a decision or question is presented influences the response due to the emotional connotations associated with the presentation.