Critical thinking Module 9 Assignment

Directions: Reflect on each question before answering. Your answers should be in complete paragraphs (4-5 sentences), (Remember Mantra 4 to Think in Paragraphs).

In this module we learned about correlation, causation and personal financial behaviors. This assignment offers an opportunity to reflect on different correlations and the effects on your own personal behaviors.

Paragraph 1:

Explain the difference between correlation and causation (Mantra 2 the Test of Understanding)

Give an example of a correlation youve observed about yourself that influences your financial decisions. For example, Ive found that if Im hungry when I grocery shop, I buy more food, especially unhealthy snacks. If I shop online late and night, I tend to purchase things I dont need. (Test of Understanding)

Finally, as you start to recognize how and when your behaviors can lead to certain financial decisions, reflect on what you might do differently going forward to avoid this fallacy (Growth Mindset)

Paragraph 2: Repeat #2 and #3 above for a second example.

Give an example of a correlation youve observed about yourself that influences your financial decisions. For example, Ive found that if Im hungry when I grocery shop, I buy more food, especially unhealthy snacks. If I shop online late and night, I tend to purchase things I dont need. (Test of Understanding)