#1
Which cognitive bias involves placing too much importance on the most recent information and neglecting older information?
Recency Bias
ExplanationValuing recent data over older data disproportionately.
#2
Which cognitive bias involves the tendency to believe, after an outcome is known, that one would have predicted it beforehand?
Hindsight Bias
ExplanationBelieving you foresaw an event after knowing the outcome.
#3
Which bias involves the tendency to favor information that confirms pre-existing beliefs?
Confirmation Bias
ExplanationPreferring data that supports existing viewpoints.
#4
Which cognitive bias involves the tendency to attribute one's success to external factors and failure to internal factors?
Self-Serving Bias
ExplanationCredit success to oneself and blame failure on external factors.
#5
Which cognitive bias involves making decisions based on the most recent information and neglecting older information?
Recency Bias
ExplanationGiving undue weight to recent data while ignoring older data.
#6
Which cognitive bias involves the tendency to ignore evidence that contradicts one's beliefs?
Confirmation Bias
ExplanationDisregarding data conflicting with existing beliefs.
#7
Which cognitive bias involves the tendency to attribute success to internal factors and failure to external factors?
Self-Serving Bias
ExplanationClaiming credit for success and blaming external factors for failure.
#8
Which cognitive bias involves relying too heavily on the first piece of information encountered when making decisions?
Availability Heuristic
ExplanationRelying on initial information without considering alternatives.
#9
In decision making, what does the Anchoring Bias refer to?
Reliance on the first piece of information encountered
ExplanationGiving undue importance to the first information received.
#10
What is the Sunk Cost Fallacy in decision making?
Continuing a course of action because of past investments, despite the costs outweighing the benefits
ExplanationPersisting with a choice due to prior investment, despite it being unwise.
#11
In decision making, what does the Availability Heuristic refer to?
Making decisions based on the ease with which information comes to mind
ExplanationDeciding based on how readily information comes to mind.
#12
What is the framing effect in decision making?
Influence of presentation or context on decision outcomes
ExplanationHow the manner of information presentation affects decisions.
#13
Which cognitive bias involves the tendency to rely too heavily on the first piece of information encountered when making decisions?
Anchoring Bias
ExplanationGiving disproportionate weight to initial information.
#14
What is the Gambler's Fallacy in decision making?
Belief that past events influence future probabilities in random events
ExplanationThinking past outcomes affect future random events.
#15
Which heuristic involves making decisions based on the ease with which information comes to mind?
Availability Heuristic
ExplanationDeciding based on how easily information comes to mind.
#16
What is the Overconfidence Bias in decision making?
Tendency to believe one has more control or knowledge than is the case
ExplanationOverestimating one's abilities or knowledge.
#17
What is the Representativeness Heuristic?
Estimating the probability of an event based on its similarity to a prototype
ExplanationJudging likelihood based on resemblance to a typical example.
#18
What is the Dunning-Kruger effect in decision making?
Tendency to overestimate one's own abilities or knowledge
ExplanationOverestimating competence despite lacking expertise.
#19
In decision making, what does the Neglect of Probability bias involve?
Ignoring relevant statistical information
ExplanationDisregarding pertinent statistical data.
#20
In decision making, what does the Halo Effect refer to?
Influence of one's overall impression on perceptions of specific traits
ExplanationGeneral impression affecting judgments of specific aspects.
#21
What is the Zeigarnik Effect in decision making?
Tendency to remember uncompleted or interrupted tasks better than completed tasks
ExplanationRemembering unfinished tasks more than completed ones.