1. In BDT, loss aversion means consumers:

2. The “status quo bias” leads consumers to:

3. Overconfidence bias leads consumers to:

4. Which of the following is a common cognitive bias discussed in behavioral economics?

5. Confirmation bias in consumer behavior means:

6. Choice overload can result in:

7. In BDT, “framing” refers to:

8. Which effect can cause consumers to stick with default choices even if better options exist?

9. “Herd behavior” refers to:

10. Behavioral economics is different from classical economics because it: