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