Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Person Finance

Chapter 1 Vocab Quiz

QuestionAnswer
Cognitive Bias An error in the way we think that can influence our decisions
Behavioral Economics Combines economics and psychology to study why people behave the way they do
Overconfidence Bias The tendency to be more confident in your own abilities compared to others
FOMO( fear of missing out) The tendency to feel anxiety/fear that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website
Endownment Effect The tendency to put more value on things you already own
Sunk Cost Fallacy The tendency to make decisions about a current situation based on what resources you have already invested in the situation
Transaction Utility The amount of mental pressure or pain we get from feeling like we paid less or more than something is really worth
Mental Accounting The tendency to separate money into imaginary categories in your mind
Loss Aversion Regarding losses as considerably more important than gains of comparable magnitude
Herd Mentality The tendency to conform to the behaviors and beliefs of the people around you; ( also known as the Bandwagon Effect)
Hedonic Adaptation Returning to a baseline level of happiness wether you go through a positive or negative experience or event
Conformation Bias The tendency to search for information that supports our preconceptions
Created by: abrueckner
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards