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The Science of Choices

Behavioural Economics

An introduction to how people make decisions and the shortcuts our brains take.

psychology choices science

8 Questions Hard Ages 5+ Jul 15, 2026

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About this Study Set

This study set covers Behavioural Economics through 8 practice questions. An introduction to how people make decisions and the shortcuts our brains take. Every question includes the correct answer so you can learn as you go — pick any format above to get started.

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Browse all 8 questions from the The Science of Choices study set below. Each question shows the correct answer — select a study format above to practice interactively.

1 What is the name for the mental shortcut our brain uses to make quick decisions without thinking too much?

A Heuristic
B Hyperactivity
C Habitation
D Hypothesis

2 When people value an item more simply because they own it, this is known as which effect?

A The Giving Bias
B The Endowment Effect
C The Keeping Rule
D The Possession Habit

3 What do economists call the tendency for people to stick with the default option provided to them instead of making a change?

A Status Quo Bias
B The Lazy Choice
C The Automatic Rule
D Preference Persistence

4 Which concept describes why people often make different choices depending on whether a situation is framed as a gain or a loss?

A Perspective Theory
B Prospect Theory
C Point of View Logic
D Positioning Principle

5 What is the term for when people copy the actions of others because they assume the group knows the best way to behave?

A Social Proof
B Group Thinking
C Community Copying
D Public Mirroring

6 In economics, what is the 'Present Bias' referring to?

A The desire for birthday gifts
B Preferring smaller rewards now over larger rewards later
C The habit of waiting for better things
D A focus on future planning

7 What is it called when a person focuses too much on the first piece of information they receive when making a judgment?

A The Anchor Effect
B The Primary Point
C The Starting Line
D The Initial Bias

8 What do behavioural scientists call the 'nudge' that influences choices without forbidding any options?

A Choice Architecture
B Decision Design
C Option Engineering
D Action Planning

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