Behavioral Economics quiz

More questions about Behavioral Economics

These visible examples show the question style. LearnClash turns the full topic into ranked duels and spaced repetition.

1. 1 Easy

   What insect did Schiphol Airport etch into its urinals?

   Answer: A fly

   Why: Schiphol's own trials reported that the etched flies cut spillage by about 80%.

2. 2 Medium

   Roughly how many times stronger does a loss feel than an equal gain?

   Answer: About 2

   Why: That's why most people refuse a coin flip that risks $100 to win $150, even though it pays off on average.

3. 3 Hard

   Who coined the term 'bounded rationality'?

   Answer: Herbert Simon

   Why: Simon also coined 'satisficing', a blend of satisfy and suffice, for settling on a good-enough option.

4. 4 Easy

   How likely is heads after a fair coin shows five heads in a row?

   Answer: 50%

   Why: Six heads in a row is a 1-in-64 shot before you start, but once five have landed, the sixth is still 50:50.

5. 5 Medium

   Which bias let a rigged wheel of fortune sway people's guesses?

   Answer: Anchoring

   Why: After a spin of 10, the typical guess for Africa's share of UN members was 25%; after a spin of 65, it was 45%.

6. 6 Hard

   How much of the pot do dictator-game givers hand over, on average?

   Answer: About 28%

   Why: The average hides two camps: about 36% of dictators give nothing, while about 17% split the pot evenly.