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