Behavioral Economics Trivia Questions
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Psychology of economic decisions. Play Behavioral Economics trivia solo to sharpen your knowledge, or challenge a friend head-to-head in Trivia Tango — every question comes with an explanation so you learn as you play. Questions span every level, from easy warm-ups to expert-level stumpers, so there's a real challenge here however much you already know.
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Sample Behavioral Economics Quiz Questions
A mix of easy, medium and hard — questions run from warm-up to expert, so there's a real challenge at every level. Think you know the answers? Play to find out.
This Nobel Prize-winning psychologist partnered with Amos Tversky to pioneer the study of cognitive biases and heuristics in decision-making.
Difficulty: Easy- Richard Thaler
- Dan Ariely
- Daniel Kahneman
- Herbert Simon
This Nobel laureate coined the term bounded rationality to describe how humans make decisions with limited cognitive resources.
Difficulty: Medium- Daniel Kahneman
- Richard Thaler
- Herbert Simon
- Gary Becker
This alternative to expected utility theory incorporates anticipated emotions from comparing outcomes to what might have been.
Difficulty: Hard- Regret theory
- Counterfactual utility
- Comparison theory
- Retrospective utility
This term describes our tendency to place too much importance on the first piece of information we receive when making decisions.
Difficulty: Easy- Anchoring bias
- Confirmation bias
- Availability heuristic
- Hindsight bias
This decision-making strategy involves choosing the first option that meets a minimum threshold rather than optimizing for the best possible outcome.
Difficulty: Medium- Threshold selection
- Satisficing
- Heuristic choice
- Minimal optimization
This non-expected utility theory incorporates the disappointment or elation from comparing outcomes to expectations within a gamble.
Difficulty: Hard- Expectation-comparison theory
- Contrast utility theory
- Disappointment theory
- Reference-dependent utility
This concept explains why people feel the pain of losing $100 more intensely than the pleasure of gaining $100.
Difficulty: Easy- Risk aversion
- Loss aversion
- Endowment effect
- Status quo bias
This self-control strategy involves deliberately restricting future choices to prevent predictable irrational behavior.
Difficulty: Medium- Precommitment
- Self-binding
- Choice restriction
- Willpower automation
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