Topics
Restricted Choice
Because of the existence of bounded rationality, consumers can find it really difficult to make effective decisions when the number of choices or options is large; this may result in them failing to make any decision. Therefore, restricting the number of available choices may be more likely to cause consumers to act and actually make a decision, resulting in a more efficient outcome.
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What is bounded rationality?
Study Notes
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What is Behavioural Economics?
Study Notes
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New Zealand legislates to ban cigarettes for future generations
15th December 2022
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Teaching Activity: Being Choosey - Choice Architecture
Teaching Activities
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Rational Decision Making and Consumer Welfare
Topic Videos
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Behavioural Economics | Match Up Activity
Quizzes & Activities
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Behavioural Biases [Head Start in A-Level Economics]
Topic Videos
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A* Evaluation on Information Failures
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Behavioural and Neo-Classical Economics (Revision Essay Plan)
Practice Exam Questions