Cognitive Biases in Judgment and Decision Making Quiz

Test your knowledge of cognitive biases with this quiz on behavioral economics. Explore common biases affecting judgment and decision-making.

#1

Which cognitive bias refers to the tendency to rely too heavily on the first piece of information encountered?

Confirmation bias
Anchoring bias
Availability heuristic
Recency bias
#2

What is the name of the cognitive bias where individuals tend to favor information that confirms their preconceptions or hypotheses regardless of whether the information is true?

Availability heuristic
Confirmation bias
Representativeness heuristic
Anchoring bias
#3

Which cognitive bias involves the tendency for people to place undue importance on the first piece of information they hear (the 'anchor') and then adjust insufficiently from that anchor?

Anchoring bias
Overconfidence bias
Confirmation bias
Hindsight bias
#4

What is the term for the cognitive bias where individuals tend to place undue importance on recent events and give them more weight in decision-making?

Recency bias
Hindsight bias
Framing effect
Overconfidence bias
#5

Which cognitive bias involves the tendency to overestimate the likelihood of events that come readily to mind?

Anchoring bias
Availability heuristic
Confirmation bias
Framing effect
#6

What is the term for the cognitive bias where individuals make decisions based on the most recent information rather than considering the entire body of evidence?

Recency bias
Anchoring bias
Framing effect
Overconfidence bias
#7

In which cognitive bias does one overestimate the likelihood of events with greater 'availability' in memory, which can be influenced by how recent the memories are or how unusual or emotionally charged they may be?

Availability heuristic
Recency bias
Anchoring bias
Confirmation bias
#8

What term is used to describe the cognitive bias where individuals make decisions based on the first information they receive, even if it's irrelevant?

Anchoring bias
Recency bias
Availability heuristic
Confirmation bias
#9

Which cognitive bias involves overestimating one's ability to predict future events, particularly in complex or uncertain situations?

Overconfidence bias
Framing effect
Hindsight bias
Recency bias
#10

In which cognitive bias do individuals make decisions based on the context framing the choices rather than the outcomes themselves?

Availability heuristic
Framing effect
Confirmation bias
Anchoring bias
#11

Which cognitive bias involves the tendency to perceive oneself as less biased than others?

Confirmation bias
Bias blind spot
Framing effect
Overconfidence bias
#12

What is the term for the cognitive bias where individuals overestimate the importance of information that confirms their existing beliefs?

Availability heuristic
Confirmation bias
Representativeness heuristic
Anchoring bias
#13

Which cognitive bias involves making judgments about the probability of events based on how easily an example can be brought to mind?

Representativeness heuristic
Availability heuristic
Confirmation bias
Anchoring bias
#14

Which cognitive bias involves the tendency to believe that one would have predicted the outcome of an event once the outcome is known?

Hindsight bias
Confirmation bias
Framing effect
Overconfidence bias
#15

What is the term for the cognitive bias where individuals make different decisions based on how a problem is presented, rather than on their potential outcomes?

Framing effect
Hindsight bias
Overconfidence bias
Recency bias
#16

Which cognitive bias involves the tendency for people to believe that they have more control over events than they actually do?

Control illusion
Overconfidence bias
Framing effect
Recency bias
#17

In which cognitive bias do individuals reject new information that contradicts their existing beliefs?

Confirmation bias
Hindsight bias
Availability heuristic
Anchoring bias
#18

In which cognitive bias do individuals judge the likelihood of an event based on how easily they can imagine or mentally simulate it?

Framing effect
Availability heuristic
Anchoring bias
Confirmation bias

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