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