Infographic Posters
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Lessons & Activities
46-60 min
Understanding Cognitive Biases
OVERVIEW
Students participate in a series of behavioral economics experiments to understand the anchoring effect, the conjunction fallacy, and the relativity trap. Then, students have a discussion of how cognitive biases affect personal finance decisions. This lesson plan is part of the Keys to Financial Success curriculum and contains a step-by-step procedure for instructors to follow, copies of all handouts and visuals, and a student assessment.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
What Is Economics?
Learn about the importance of economics.
MODULES
16-30 MIN
Opportunity Cost
This module teaches opportunity cost and helps apply it to decision-making.
READING Q&A
16-30 MIN
How Mental Accounting Shapes Our Financial Choices
In this Page One Economics article, mental accounting shapes spending and saving decisions with real-life examples like gift money.
LESSONS & ACTIVITIES
1 HOUR+
PACED Pretzels
Learn about and apply the five-step PACED decision-making process.
CURRICULUM UNITS
1 HOUR+
Beyond the Bet: The Economics of Gambling
Three independent lesson plans help high school students understand gambling risks through personal finance and economics.
More in This Series
LESSONS & ACTIVITIES
31-45 MIN
Unlock Your Financial Future
Students work in groups to estimate the answer to questions related to personal finance.
LESSONS & ACTIVITIES
46-60 MIN
Financial Values and Goals
In this lesson, students learn the importance of financial values and financial goals.
LESSONS & ACTIVITIES
31-45 MIN
Planning For Your Career
Learn about careers options through an interest assessment.
LESSONS & ACTIVITIES
1 HOUR+
Entrepreneurship: Problem First, Business Second
In this lesson, students examine entrepreneurship and the entrepreneurial process.
LESSONS & ACTIVITIES
46-60 MIN
Invest in Yourself
Identify ways to invest in human capital.
LESSONS & ACTIVITIES
46-60 MIN
What Else is Out There and How Would I Find It?
Students research careers, wages, and required education/training.
LESSONS & ACTIVITIES
46-60 MIN
Dreams and Plans
Students research and compare potential careers, organize key career information, and use a PACED decision-making grid to select a career based on their personal priorities.
LESSONS & ACTIVITIES
31-45 MIN
Opportunity Occupations and the Occupational Mobility Explorer
Students learn about skills that employers want, opportunity occupations, and the Occupational Mobility Explorer.
LESSONS & ACTIVITIES
46-60 MIN
So You Want to Be an Influencer?
Students answer the question of whether or not to explore influencer marketing as a career.
LESSONS & ACTIVITIES
31-45 MIN
Learning to Manage Your Money
In this lesson, students learn about the vocabulary and trade-offs associated with budgeting. First, they watch a video about Budgeting 101.
