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Application of Behavioural Economics
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Nudging : Used for reduction of smoking by imprinting damaged lungs on cigarette packets.
Mental Accounting : When people assign money into various accounts or categories for various needs.
Self Control : Allocating savings into a Fixed Deposit rather than a Savings Account ensures not falling victim to this bias.
Neuroeconomics : An interdisciplinary field which seeks to explain economic decision making and behaviour by incorporating methods often used in cognitive psychology.
Choice Architecture : Influences consumer behaviour based on presentation of choices
Empathy Gaps: Applicable in situations where people rationalise usage of psychoactive substances which eventually leads to addiction.
Representativeness : Shopping for gadgets may involve using this mental shortcut wherein people rely on brand name and value (e.g. Apple or Sony)
Loss Aversion : The tendency of many entrepreneurs to sell their companies in just a few years to a voice business failure in future.
Application of Behavioural Economics
Across:3. | The tendency of many entrepreneurs to sell their companies in just a few years to a voice business failure in future. | 4. | When people assign money into various accounts or categories for various needs. | 6. | Allocating savings into a Fixed Deposit rather than a Savings Account ensures not falling victim to this bias. |
| 7. | Applicable in situations where people rationalise usage of psychoactive substances which eventually leads to addiction. | 8. | Shopping for gadgets may involve using this mental shortcut wherein people rely on brand name and value (e.g. Apple or Sony) |
| | Down:1. | Influences consumer behaviour based on presentation of choices | 2. | An interdisciplinary field which seeks to explain economic decision making and behaviour by incorporating methods often used in cognitive psychology. |
| 5. | Used for reduction of smoking by imprinting damaged lungs on cigarette packets. |
| |
© 2016
PuzzleFast.com, Noncommercial Use Only
Application of Behavioural Economics
Across:3. | The tendency of many entrepreneurs to sell their companies in just a few years to a voice business failure in future. | 4. | When people assign money into various accounts or categories for various needs. | 6. | Allocating savings into a Fixed Deposit rather than a Savings Account ensures not falling victim to this bias. |
| 7. | Applicable in situations where people rationalise usage of psychoactive substances which eventually leads to addiction. | 8. | Shopping for gadgets may involve using this mental shortcut wherein people rely on brand name and value (e.g. Apple or Sony) |
| | Down:1. | Influences consumer behaviour based on presentation of choices | 2. | An interdisciplinary field which seeks to explain economic decision making and behaviour by incorporating methods often used in cognitive psychology. |
| 5. | Used for reduction of smoking by imprinting damaged lungs on cigarette packets. |
| |
© 2016
PuzzleFast.com, Noncommercial Use Only