Understanding How the Brain Works While Individuals Make Financial Decisions

question 101

Multiple Choice

Understanding how the brain works while individuals make financial decisions is referred to as

• A)neuroeconomics.
• B)decision management.
• C)psychoheuristics.
• D)business reasoning.

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Definitions:

Self-actualization

The process of realizing and fulfilling one's own potential and abilities, often considered the highest level of psychological development in Maslow's hierarchy of needs.

Self-esteem

Self-esteem is an individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states.

Ostracism

The exclusion or rejection of an individual from a social or professional group, leading to feelings of isolation.

Narcissism

A personality trait characterized by an inflated self-image, a deep need for admiration, and a lack of empathy for others.