Why Humans Make Irrational Economic Choices Quiz

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Why Humans Make Irrational Economic Choices: a General level Economics quiz. Test your knowledge with 14 questions!
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Questions

Question 1
What is behavioral economics?
A Study of stocks only
B Study of psychology in money
C Study of global trade
D Study of government debt
Question 2
Why do people often fear losing money more than gaining it?
A Greed
B Inflation
C Loss aversion
D Optimism
Question 3
What is 'confirmation bias'?
A Saving all money
B Buying only expensive items
C Avoiding all news
D Seeking info that matches beliefs
Question 4
What is the 'herd mentality'?
A Leading the market
B Working alone
C Rational analysis
D Following what others do
Question 5
What is 'sunk cost fallacy'?
A Spending on luxury goods
B Continuing a failing project
C Investing in gold
D Saving in a bank

📋 This quiz has 14 questions in total.

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