Topics
Heuristics
In general terms, a heuristic is a method or technique that people use to help them make a decision or solve a problem more quickly. We often use the phrase rule of thumb to mean the same thing. The outcome from using the heuristic may not be perfect or optimised, but is usually “good enough”. The term was developed, along with bounded rationality and satisficing, by the cognitive scientist Herbert Simon.
-
What is bounded rationality?
Study Notes
-
What is habitual consumption and what causes it?
Study Notes
-
3.2.1 Profit Satisficing (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
-
What is Rational Choice Decision Making?
Study Notes
-
Behavioural Economics - What is Choice Overload?
Study Notes
-
Sully and the Gaze Heuristic
20th December 2016
-
Behavioural Economics for A Level - Explained
1st January 2017
-
Bounded Rationality (Behavioural Economics)
Study Notes
-
Heuristics (Behavioural Economics)
Topic Videos
-
Bounded Rationality (Behavioural Economics)
Topic Videos
-
Business Objectives Revision Webinar
Topic Videos
-
Behavioural Economics - Clear The Deck Key Term Knowledge Activity
Quizzes & Activities
-
A* Evaluation on Information Failures
Topic Videos
-
Profit satisficing
Topic Videos
-
Herd behaviour can be perfectly compatible with rationality
5th December 2018
-
Behavioural and Neo-Classical Economics (Revision Essay Plan)
Practice Exam Questions
-
Behavioural Theory in Action (Behavioural Economics)
Topic Videos
-
Richard Thaler & Behavioural Economics - The Man, The Ideas
5th January 2018
-
The Dichotomy of Behavioural Economics
15th December 2016
-
20 Common Behavioural Biases
20th September 2015