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Note that your final mark will not be saved in the system.
Economic decision-making MatchUp
Target Level
C
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Requiring a consumer to make a decision.
Irrational decisions people make based on prior practice, value systems or shortcuts.
A type of choice architecture that seeks to make it more likely that people will choose a particular option.
Highlighting positive or negative aspects of a decision.
The view that people are more likely to follow group behaviour.
The view that consumers value fairness and empathy ahead of rationality.
A way of presenting information in order to influence a decision.
A phenomenon in which consumers place more value on initial, rather than subsequent, information received.
The likelihood that consumer will repeat previous behaviour, even if it is irrational.
Nudge
Mandated choice
Choice architecture
Anchoring
Rule of thumb
Altruism
Social norms
Cognitive biases
Framing