Exit Ticket 12.4, 12.5, &12.6

Sophie sees an ad for a pair of shoes on Instagram and decides to buy them

Charlie decides to buy a jacket they saw a friend wearing that they really liked

Will chooses to buy product A over product B based on the hype he’s read about product A online

Juan is in a department store, sees a shirt he likes, and decides to buy it

Saving unprecedented amounts of money for their futures

Making purchases that align with their values

Quitting social media for good, costing companies billions of dollars

Spending money they don’t have and going into debt

Close all of your credit card accounts

Save 95% of your paycheck in a savings account

Follow a budget and align your spending with your financial goals

Immediately delete your social media profiles

valuing your own opinions over the opinions of others

believing that you are better at something then you actually are

the tendency to interpret new evidence as proof of one's existing beliefs or theories

an exaggerated certainty that a person is correct

Overprecision

Confirmation Bias

Overplacement

Overestimation

wait two to three days before making a purcahse

Wait until the cost comes down before buying the stock

Not purchase the stock because it is not worth the risk

Find sources that contradict his viewpoint

Rita’s happiness will initially increase and then decrease to her baseline level of happiness over time

Rita’s happiness will increase and she’ll remain at her new, higher level of happiness

Rita’s happiness will initially decrease and then increase over time

Rita’s happiness will initially decrease and she’ll remain at her new, lower level of happiness

The media plays a very small role in influencing our purchasing decisions

Once a person earns a certain salary, they no longer feel the desire to buy more things

Buying things is always better than spending money on experiences

Buying things that align with your personality and values may actually increase your happiness

After a month of a new phone case, he buys a new one

Buying a new cookbook so he can try different recipes for his family

Registering for a painting class that he’s always wanted to try

Donating money to a local charity that supports a cause he cares about