Across
- 2. The tendency to regard losses as considerably more important than gains of comparable magnitude
- 5. The tendency to search for more information that supports our preconceptions and to ignore or distort contradictory evidence
- 8. The tendency to feel anxiety/fear that an exciting or interesting event may currently be happening elsewhere, often aroused by posting on a social media website
- 10. The tendency people have to be more confident in their own abilities
- 12. The subfield of economics that applies psychological insights into human behavior and to explain economic decision making
- 15. The tendency to conform to the behaviors and beliefs of the people around you
- 16. The tendency to make decisions about a current situation based on what resources you've already invested in the situation
Down
- 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
- 3. The use of social media platforms and websites to promote a product or service
- 4. The tendency to put more value on things you already own
- 6. When a person mistakenly believes they are better than others
- 7. The tendency to return to a baseline level of happiness regardless of whether you go through a positive or negative experience or event
- 9. when a person believes they are better something than they actually are
- 11. A subconscious error in thinking that leads to irrational decision making
- 13. when a person has an exaggerated certainty that the answer is correct
- 14. Costs that have already been incurred and cannot be recovered