SU Forecasting Human Decision-Making and Behavior Question – Description
Provide an “in your own words” definition of the listed behavioral economics principles. Then, find an example of each principle “in the wild”—that is, take a photo, screen shot, or upload a document that illustrates the principle.
Principles will include:
Social norms
Scarcity
Loss aversion
Framing effects
Friction
Status quo bias
Default bias
Anchoring
Choice overload
Present bias
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