#1
Which cognitive bias involves placing too much importance on the most recent information and neglecting older information?
Recency Bias
Sunk Cost Fallacy
Availability Bias
Neglect of Probability
#2
Which cognitive bias involves the tendency to believe, after an outcome is known, that one would have predicted it beforehand?
Hindsight Bias
Overconfidence Bias
Confirmation Bias
Representativeness Bias
#3
Which bias involves the tendency to favor information that confirms pre-existing beliefs?
Confirmation Bias
Anchoring Bias
Availability Bias
Hindsight Bias
#4
Which cognitive bias involves the tendency to attribute one's success to external factors and failure to internal factors?
Self-Serving Bias
Recency Bias
Sunk Cost Fallacy
Availability Heuristic
#5
Which cognitive bias involves making decisions based on the most recent information and neglecting older information?
Recency Bias
Sunk Cost Fallacy
Availability Bias
Neglect of Probability
#6
Which cognitive bias involves the tendency to ignore evidence that contradicts one's beliefs?
Confirmation Bias
Anchoring Bias
Availability Heuristic
Hindsight Bias
#7
Which cognitive bias involves the tendency to attribute success to internal factors and failure to external factors?
Self-Serving Bias
Recency Bias
Sunk Cost Fallacy
Availability Heuristic
#8
Which cognitive bias involves relying too heavily on the first piece of information encountered when making decisions?
Confirmation Bias
Anchoring Bias
Availability Heuristic
Hindsight Bias
#9
In decision making, what does the Anchoring Bias refer to?
Favoring information that confirms pre-existing beliefs
Reliance on the first piece of information encountered
Overestimating the importance of recent events
Believing, after an outcome is known, that one would have predicted it beforehand
#10
What is the Sunk Cost Fallacy in decision making?
Overestimating the probability of success
Placing too much importance on the most recent information
Continuing a course of action because of past investments, despite the costs outweighing the benefits
Attributing success to external factors
#11
In decision making, what does the Availability Heuristic refer to?
Favoring information that confirms pre-existing beliefs
Making decisions based on the ease with which information comes to mind
Overestimating the importance of recent events
Believing, after an outcome is known, that one would have predicted it beforehand
#12
What is the framing effect in decision making?
Tendency to favor information that confirms pre-existing beliefs
Influence of presentation or context on decision outcomes
Overestimating the importance of recent events
Believing, after an outcome is known, that one would have predicted it beforehand
#13
Which cognitive bias involves the tendency to rely too heavily on the first piece of information encountered when making decisions?
Confirmation Bias
Anchoring Bias
Availability Heuristic
Hindsight Bias
#14
What is the Gambler's Fallacy in decision making?
Tendency to believe in one's own superiority
Belief that past events influence future probabilities in random events
Making decisions based on the ease with which information comes to mind
Continuing a course of action because of past investments, despite the costs outweighing the benefits
#15
Which heuristic involves making decisions based on the ease with which information comes to mind?
Availability Heuristic
Representativeness Heuristic
Anchoring Heuristic
Recency Heuristic
#16
What is the Overconfidence Bias in decision making?
Tendency to believe one has more control or knowledge than is the case
Overestimating the probability of success
Ignoring evidence that contradicts one's beliefs
Attributing success to external factors
#17
What is the Representativeness Heuristic?
Making decisions based on the ease with which information comes to mind
Placing too much importance on the most recent information
Estimating the probability of an event based on its similarity to a prototype
Continuing a course of action because of past investments, despite the costs outweighing the benefits
#18
What is the Dunning-Kruger effect in decision making?
Tendency to overestimate one's own abilities or knowledge
Neglect of Probability
Continuing a course of action because of past investments, despite the costs outweighing the benefits
Attributing success to external factors
#19
In decision making, what does the Neglect of Probability bias involve?
Favoring information that confirms pre-existing beliefs
Ignoring relevant statistical information
Overestimating the importance of recent events
Believing, after an outcome is known, that one would have predicted it beforehand
#20
In decision making, what does the Halo Effect refer to?
Tendency to overestimate one's own abilities or knowledge
Neglect of Probability
Influence of one's overall impression on perceptions of specific traits
Attributing success to external factors
#21
What is the Zeigarnik Effect in decision making?
Favoring information that confirms pre-existing beliefs
Tendency to remember uncompleted or interrupted tasks better than completed tasks
Overestimating the importance of recent events
Believing, after an outcome is known, that one would have predicted it beforehand