Bounded Rationality

Limits of bounded rationality (4)

Bounded self-control

What cause biases in decision making? (4)

Rules of thumb (heuristics)

Anchoring

Availability bias

Social norms

Altruism

Choice architecture

Framing

Nudges

Default choice

Describe decision making system 1

Describe decision making system 2

Herd behaviour

Partitioning

Restricted choice

Mandated choice

Zero-price effect

Confirmation bias

Curse of knowledge

Endowment effect

IKEA effect

Planning fallacy

Zero-risk bias