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| Question | Answer |
|---|---|
| Values | held to deserve; the importance, worth, or usefulness of something. |
| needs | of necessity. |
| wants | something wishing for |
| Scarcity | the state of being scarce or in short supply; shortage. |
| goals | the object of a person's ambition or effort; an aim or desired result. |
| Over Confidence | the quality of being too confident; excessive confidence. |
| Fear of Missing Out | anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media. |
| Regret Avoidance | the tendency for people to make emotional, rather than logical decisions in order to avoid feeling regret. |
| Confirmation Bias | the tendency to interpret new evidence as confirmation of one's existing beliefs or theories. |
| Endowment Effect | an emotional bias that causes individuals to value an owned object higher, often irrationally, than its market value. |
| Loss Aversion | Loss aversion is the observation that human beings experience losses asymmetrically |
| Sunk Costs | to money that has already been spent and cannot be recovered. |
| Hedonic Adaptation | Hedonic adaptation refers to the notion that after positive (or negative) events |
| Economy | the wealth and resources of a country or region, |
| resources | a stock or supply of money, materials, staff, and other assets that can be drawn on by a person |
Created by:
jukeolive222
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