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Topic Videos

Behavioural Economics - Heuristics in Decision-Making

A-Level, IB
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.

Behavioural Economics - Heuristics in Decision-Making

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