5. USAEO Behavioral and Applied Economics
Heuristics — Quiz
Test your understanding of heuristics with 5 practice questions.
Practice Questions
Question 1
What is a heuristic in the context of economic decision-making?
Question 2
Which of the following is an example of the availability heuristic?
Question 3
Which heuristic is commonly associated with the tendency to stick with the default option when making a decision?
Question 4
A person estimates the value of a used car by starting with the sticker price and adjusting downward. Which heuristic is this an example of?
Question 5
Which heuristic involves making a decision based on how similar something is to a typical case or stereotype?