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The Psychology of Cognitive Biases - Exam
Contributed by: Hayward
  • 1. What is a cognitive bias?
A) A systematic pattern of deviation from norm or rationality in judgment.
B) An emotional response to stimuli.
C) A type of psychological disorder.
D) A cognitive skill that enhances reasoning.
  • 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) 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) Believing that past random events affect future outcomes.
B) Seeing patterns where none exist.
C) Understanding that outcomes are independent.
D) Relying solely on statistical evidence.
  • 5. Which bias involves favoring information that is more recent?
A) Recency bias.
B) Survivorship bias.
C) Framing effect.
D) Confirmation bias.
  • 6. What is the illusion of control?
A) Feeling helpless in decision-making scenarios.
B) The belief that one can influence outcomes that are really beyond control.
C) Relying on evidence-based predictions.
D) A clear acknowledgment of randomness in events.
  • 7. What is the planning fallacy?
A) Improving accuracy through careful planning.
B) Relying on past performance data to predict future tasks.
C) Underestimating the time required to complete a task.
D) Overestimating costs in project planning.
  • 8. What is the affect heuristic?
A) Making decisions based on emotions rather than logic.
B) Assessing risks through careful analysis.
C) Calculating probabilities before acting.
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) Take equal responsibility for successes and failures.
D) Attribute successes to themselves and failures to external factors.
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