Write the letter of the correct match next to each problem. Anchoring a. is when you think stuff you own is worth more than It really is, just because you own it. Cognitive Biases b. is when we look for information that agrees with what we alresdy think and ignore or change facts that ignores or change Confirmation Bias c. are like mental shortcuts that can cause us to see, think about, or remember things wrongly, which leads to decisions. Endowment effect d. is when you go along with what everyone else is doing or thinking, even if it doesnt t make sense to you. Herd mentality e. is when your brain relies on random info , like the price you paid for something to guide future choices about it.

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Write the letter of the correct match next to each problem. Anchoring a. is when you think stuff you own is worth more than It really is, just because you own it. Cognitive Biases b. is when we look for information that agrees with what we alresdy think and ignore or change facts that ignores or change Confirmation Bias c. are like mental shortcuts that can cause us to see, think about, or remember things wrongly, which leads to decisions. Endowment effect d. is when you go along with what everyone else is doing or thinking, even if it doesnt t make sense to you. Herd mentality e. is when your brain relies on random info , like the price you paid for something to guide future choices about it.

Answer 1

1. a. Endowment Effect 2. b. Confirmation Bias 3. c. Heuristics 4. d. Herd Mentality 5. e. Anchoring

Answer 2

The problem involves identifying psychological biases and matching them to their descriptions. Each description corresponds to a well-known cognitive bias or heuristic in psychology. 1. "is when you think stuff you own is worth more than it really is, just because you own it." This describes the **Endowment Effect**. 2. "is when we look for information that agrees with what we already think and ignore or change facts that ignore or change." This describes **Confirmation Bias**. 3. "are like mental shortcuts that can cause us to see, think about, or remember things wrongly, which leads to decisions." This describes **Heuristics**. 4. "is when you go along with what everyone else is doing or thinking, even if it doesn't make sense to you." This describes **Herd Mentality**. 5. "is when your brain relies on random info, like the price you paid for something to guide future choices about it." This describes **Anchoring**.

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