The Psychology of Cognitive Biases
  • 1. What is a cognitive bias?
A) A type of psychological disorder.
B) A cognitive skill that enhances reasoning.
C) An emotional response to stimuli.
D) A systematic pattern of deviation from norm or rationality in judgment.
  • 2. Which cognitive bias causes people to favor information that confirms their existing beliefs?
A) Confirmation bias.
B) Anchoring bias.
C) Availability heuristic.
D) Overconfidence bias.
  • 3. What is hindsight bias?
A) Believing that an event was predictable after it has happened.
B) Being surprised by unpredicted outcomes.
C) Underestimating future uncertainties.
D) Overconfidence in one's initial predictions.
  • 4. In which scenario does the gambler's fallacy occur?
A) Relying solely on statistical evidence.
B) Seeing patterns where none exist.
C) Understanding that outcomes are independent.
D) Believing that past random events affect future outcomes.
  • 5. What is the illusion of control?
A) The belief that one can influence outcomes that are really beyond control.
B) Feeling helpless in decision-making scenarios.
C) Relying on evidence-based predictions.
D) A clear acknowledgment of randomness in events.
  • 6. What is the affect heuristic?
A) Making decisions based on emotions rather than logic.
B) Assessing risks through careful analysis.
C) Calculating probabilities before acting.
D) Relying on statistical data exclusively.
  • 7. What is the planning fallacy?
A) Improving accuracy through careful planning.
B) Relying on past performance data to predict future tasks.
C) Overestimating costs in project planning.
D) Underestimating the time required to complete a task.
  • 8. Which bias involves favoring information that is more recent?
A) Confirmation bias.
B) Recency bias.
C) Survivorship bias.
D) Framing effect.
  • 9. What does self-serving bias lead people to do?
A) Take equal responsibility for successes and failures.
B) Minimize their own role in results.
C) Blame others exclusively for their victories.
D) Attribute successes to themselves and failures to external factors.
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