Economics A-Level
Heuristics
What Heuristics means in Economics A-Level, as defined for AQA.
Definition of Heuristics
Check what you remember
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Reference: AQA
Mental shortcuts that lead to systematic deviations from optimal choices.
Topics that use Heuristics
- Aspects of behavioural economic theory (AQA A-Level)
Related terms
- Anchoring
- Availability bias
- Behavioural economics
- Bounded rationality
- Bounded self-control
- Consumer behaviour
- Equity and fairness
- Satisficing behaviour
Using Heuristics in the exam
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