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Behavioural Economics - Heuristics in Decision-Making

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 9 Jan 2024

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This revision video looks at bounded rationality and heuristics. In economics, heuristics refer to mental shortcuts or rules of thumb that people use to make decisions, particularly when facing complex or uncertain situations.

Behavioural Economics - Heuristics in Decision-Making
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