Mind Over Money

Bias: a predictable mistake in judgment.
Heuristic: a mental shortcut or "rule of thumb."
Probability: how likely something is (50% = coin flip).
Expected value: the average result if you made the same bet many times. A 50% chance at $1,000 has an expected value of $500.
Sunk cost: money already spent that you cannot get back.

Behavioral finance lab · inspired by Daniel Kahneman

Question –

Stage Tutorial

There are no grades here. Some questions have a math answer; others are about preference. The goal is to see how your mind works.