Experiments in Behavioural Economics - examples of confirmation bias and bounded rationality
- Levels: AS, A Level
- Exam boards: AQA, Edexcel, OCR, Eduqas, WJEC
This activity allows players to see two experiments that have been undertaken when researching aspects of behavioural economics.
The first experiment looks at confirmation bias and how pre-determined biases impact on the way a person answers a question.
The second experiment looks at Ariel Rubinstein's research into bounded rationality.
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Jon Clark has been teaching economics and business studies for over 25 years primarily in the Further Education sector. Before joining tutor2u, he was a senior manager at South Cheshire College in Crewe.
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