Topics
Habit
This refers to a rigid pattern of behaviour followed by a person. For example, it could refer to the subconscious purchase of identical items each week, or the pattern followed by someone who always lights up a cigarette, without thinking, when they make a cup of coffee.
Habit is often linked with System 1 thinking (see Dual-system theory). It is also often linked with the idea of the status quo bias, when people stick with a previous decision, even if it is no longer the most appropriate decision.
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What is habitual consumption and what causes it?
Study Notes
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Behavioural Economics Revision Quizzes
Quizzes & Activities
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Behavioural Economics (Quizlet Revision Activity)
Quizzes & Activities
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Behavioural Economics for A Level - Explained
1st January 2017
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Availability Bias (Behavioural Economics)
Topic Videos
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Herd Behaviour (Behavioural Economics)
Topic Videos
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Default Bias (Behavioural Economics)
Topic Videos
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Tim Harford on why we fail to prepare for disasters
16th April 2020
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Coronavirus and Behavioural Economics
Topic Videos
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Behavioural and Neo-Classical Economics (Revision Essay Plan)
Practice Exam Questions