This is a two part assignment: For this assignment, you will be asked to provid

This is a two part assignment:
For this assignment, you will be asked to provide an “in your own words” 3-5 sentence definition of the listed behavioral economics principles. Then, find an example of each principle “in the wild”—that is, take a photo, screen shot, or upload a document that illustrates the principle.
Principles will include:
Social norms
Scarcity
Loss aversion
Framing effects
Friction
Status quo bias
Default bias
Anchoring
Choice overload
Present bias