People's Choice Awards
This principle states that individuals weigh costs and benefits to make the best possible decisions.
What is "People Choose"?
This bias describes how people are more likely to adopt a belief or behavior if others are doing the same.
What is "Bandwagon Effect"?
The willingness to spend extra on gym memberships, beauty treatments, or interior design to protect one's investments aligns with this value.
What are "Physical Values"?
Trusting one’s gut and following an inner voice during a money crunch reflects this type of value.
What are "Inner Values"?
Children in female-headed families are how many times as likely to end up in poverty?
What is 4 times as likely?
This principle stresses why decision-making focuses on this timeframe, as it is the only one we can influence.
What is "People's Choices Have Consequences That Lie in the Future"?
This bias reflects the anxiety people feel when they believe others are experiencing something enjoyable that they are not.
What is "Fear of Missing Out" or "FOMO"?
A desire for freedom, independence, and control over personal goals reflects this type of value.
What are "Inner Values"?
Family histories and early social relationships influence money habits in this type of value.
What are "Social Values"?
What is the percentage of homes in the U.S. with two parents - regardless of marital status?
What is 70%?
This principle explains how formal and informal rules, like tax laws, influence the choices individuals make.
What is "People Create Economic Systems That Influence Individual Decisions"?
This bias leads individuals to overestimate their abilities, knowledge, or chances of success.
What is "Overconfidence"?
Budgeting jointly with others or sharing expenses is influenced by this type of value.
What are "Social Values"?
Spending more for quality, craftsmanship, or self-care aligns with this type of value.
What are "Physical Values"?
What percent of U.S. children live in a home with married parents?
What is 63%?
This principle explains why someone would give up something they value less to gain something they value more in an exchange.
What is "People Gain When They Trade Voluntarily"?
This bias describes the tendency to seek out or interpret information in a way that supports one’s existing beliefs.
What is "Confirmation Bias"?
Thinking about whether you have “enough” money or are prepared for emergencies is tied to this value.
What are "Financial Values"?
Considering whether a financial decision is the right choice for long-term sustainability reflects this type of value.
What are "Financial Values"?
Name 3 barriers low-income families face when trying to get married.
What is ""
This principle emphasizes that every decision requires giving up something, whether it’s money, time, or another opportunity.
What is "People's Choices Involve Costs"?
This bias explains why individuals feel the pain of losing something more intensely than the joy of gaining the same thing.
What is "Loss Aversion"?
A sense of purpose and meaning in life, as well as a preference for working alone or with others, reflects this value.
What are "Inner Values"?
Charitable giving, public service, and a sense of belonging tie directly to this type of value.
What is "Social Values"?
What role does education play in whether or not someone ends up in poverty?
What is ""