The Psychology of Cognitive Biases - Exam
  • 1. What is a cognitive bias?
A) A systematic pattern of deviation from norm or rationality in judgment.
B) A cognitive skill that enhances reasoning.
C) A type of psychological disorder.
D) An emotional response to stimuli.
  • 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) Being surprised by unpredicted outcomes.
B) Overconfidence in one's initial predictions.
C) Believing that an event was predictable after it has happened.
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) Confirmation bias.
D) Framing effect.
  • 6. What is the illusion of control?
A) Relying on evidence-based predictions.
B) A clear acknowledgment of randomness in events.
C) The belief that one can influence outcomes that are really beyond control.
D) Feeling helpless in decision-making scenarios.
  • 7. What is the planning fallacy?
A) Overestimating costs in project planning.
B) Improving accuracy through careful planning.
C) Underestimating the time required to complete a task.
D) Relying on past performance data to predict future tasks.
  • 8. What is the affect heuristic?
A) Calculating probabilities before acting.
B) Making decisions based on emotions rather than logic.
C) Assessing risks through careful analysis.
D) Relying on statistical data exclusively.
  • 9. What does self-serving bias lead people to do?
A) Blame others exclusively for their victories.
B) Minimize their own role in results.
C) Attribute successes to themselves and failures to external factors.
D) Take equal responsibility for successes and failures.
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