One of the Biggest Roadblocks to Ecash and Ewallet Technologies

question 13

Multiple Choice

One of the biggest roadblocks to ecash and ewallet technologies is _____.

• A) Internet speed
• B) bandwidth
• C) processing power
• D) fear

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Definitions:

Cognitive Biases

Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, often leading to illogical interpretation or decision-making.

Behavioral Economics

A field of economics that examines how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

Systematic Error

A consistent, predictable error present in the method of measurement that affects the accuracy of results.

Faulty Heuristics

Cognitive shortcuts that lead to errors in judgment or decision-making.