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