Topic Videos
Behavioural Economics - Heuristics in Decision-Making
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC, CIE
Last updated 9 Jan 2024
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.
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