Gold
What are financial values?
Fundamental beliefs that shape and influence financial behaviors and decisions
What does personal finance involve?
the arrangement of an individual's financial decisions, including budgeting, saving, spending, and planning for the future
Who is an avoider in financial terms?
Someone that tends to shy away from dealing with financial matters
What is Higgins's principal name?
Mrs. Dillion
What is the endowment effect?
A cognitive bias that occurs when people ascribe more value to things merely because they own them
What is the role of a balancer in financial management?
To take a moderate approach to finances, managing spending, saving, and investing
What are money personalities?
the distinct patterns or tendencies in how individuals perceive, interact with, and manage their finances
What is anchoring bias?
A cognitive bias where an individual places undue emphasis on the first piece of information
What is the school's mascot?
Hurricanes
What day did school start?
August 7, 2026
What is your teacher's first name?
Walter
What does behavioral economics study?
How psychological and cognitive factors influence economic decisions
What does economics study?
The production distribution and consumption of goods and services
What term describes someone who enjoys using their money to purchase products and experiences?
Spender
What is the focus of an invester?
Using money to make money
What does a balancer do in financial management?
Take a moderate approach to finances managing spending, saving, and investing
What is the definition of personal finance?
The management of an individual's financial decisions, including budgeting sving spending and planning for the future
What does the term "money personalities" refer to?
The distinct patterns or tendencies in how individuals perceive, interact, with and manage their finances
What is Herd Mentality?
A cognitive bias where individuals mimic the actions of a group
What is heuristics?
Mental shortcuts that simplify decision making
What does loss aversion refer to?
A cognitive bias where loss is perceived as more significant than gain
What is Personal Finance?
The management of an individual's financial decisions
What does Rational Choice Theory suggest?
Decisions are made to maximize self-interest through rational calculation