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Behavioural Economics - Key Cognitive Biases
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 25 Jan 2022
In this revision video we look at some of the cognitive biases that can affect people’s behaviour.
The existence of such biases calls into question economic models that assume people always act rationally, attempting to maximise their individual self-interest.
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