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) Being surprised by unpredicted outcomes.
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) Understanding that outcomes are independent.
C) Relying solely on statistical evidence.
D) Believing that past random events affect future outcomes.
  • 5. Which bias involves favoring information that is more recent?
A) Recency bias.
B) Survivorship bias.
C) Confirmation bias.
D) Framing effect.
  • 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) Relying on past performance data to predict future tasks.
B) Overestimating costs in project planning.
C) Improving accuracy through careful planning.
D) Underestimating the time required to complete a task.
  • 8. What is the affect heuristic?
A) Making decisions based on emotions rather than logic.
B) Calculating probabilities before acting.
C) Relying on statistical data exclusively.
D) Assessing risks through careful analysis.
  • 9. What does self-serving bias lead people to do?
A) Take equal responsibility for successes and failures.
B) Blame others exclusively for their victories.
C) Minimize their own role in results.
D) Attribute successes to themselves and failures to external factors.
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