Which cognitive bias refers to the tendency to rely heavily on the first piece of information encountered when making decisions?
Confirmation bias
Anchoring bias
Availability heuristic
Representativeness heuristic
#2
In decision-making, what does the availability heuristic primarily rely on?
The most recent information available
The most easily recalled information
The least emotionally charged information
The most complex information
#3
Which cognitive bias refers to the tendency to favor information that confirms one's preexisting beliefs or hypotheses, while ignoring or dismissing contradictory evidence?
Confirmation bias
Anchoring bias
Availability heuristic
Representativeness heuristic
#4
Which cognitive bias leads people to overestimate the likelihood of rare events based on vivid or memorable examples?
Availability heuristic
Base rate fallacy
Confirmation bias
Representativeness heuristic
#5
What is the primary characteristic of the representativeness heuristic?
Relying on recent information
Ignoring base rate information
Judging likelihood based on similarity to prototypes
Overestimating the frequency of events
#6
Which cognitive bias occurs when individuals believe they are less likely to experience negative events compared to others?
Optimism bias
Hindsight bias
Negativity bias
Overconfidence bias
#7
Which cognitive bias involves favoring information that confirms one's preexisting beliefs or hypotheses, while ignoring or dismissing contradictory evidence?
Availability heuristic
Confirmation bias
Anchoring bias
Overconfidence bias
#8
Which heuristic involves making decisions based on the ease with which examples come to mind?
Anchoring heuristic
Representativeness heuristic
Availability heuristic
Framing heuristic
#9
What is the base rate fallacy?
The tendency to ignore base rate information and focus on specific case information
The tendency to make decisions based on the ease with which examples come to mind
The tendency to overestimate the likelihood of rare events based on vivid examples
The influence of the way information is presented on decision outcomes