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