1st Behavioral Finance Review

Facebook

Twitter

Instagram

Snapchat

What you can obtain for an item at a later time

How helpful an item is given the context of a current situation

How well something satisfies a person's wants or needs

What we lose by giving up the other provided choice

What you can obtain for an item at a later time

How helpful an item is given the context of a current situation

How well something satisfies a person's wants or needs

What we lose by giving up the other provided choice

What you can obtain for an item at a later time

How helpful an item is given the context of a current situation

How well something satisfies a person's wants or needs

What we lose by giving up the other provided choice

What you can obtain for an item at a later time

How helpful an item is given the context of a current situation

How well something satisfies a person's wants or needs

What we lose by giving up the other provided choice

cost a lot of money.

be on sale.

have utility.

never go out of style.

Inner, Social, Physical, Financial

Financial, Inner, Personal, Professional

Personal, Professional, Financial, Social

Inner, Social, Personal, Professional

Water is more valuable than diamonds, both physically and financially

The use value of diamonds is higher than the use value of water

The water will expire by the time you get to the next booth

The utility of water decreases after your basic needs are met

The less of an item you have, the less useful or enjoyable it becomes

The more of an item you acquire, the less useful or enjoyable it becomes

An item’s exchange value increases over time

An item’s use value increases over time

the paradox of value

the paradox of thrift

the law of supply and demand

the law of economics