Cognitive Processing and Decision-Making Quiz

Explore decision-making concepts through 14 questions covering heuristics, biases, rationality, and more in this decision science quiz.

Practice Learn Test

Which of the following is an example of a heuristic?

Systematically analyzing all available options before making a decision

Using a mental shortcut to make a quick decision

Consulting with experts before making a decision

Using complex mathematical models to evaluate choices

What does the 'availability heuristic' refer to in decision-making?

Making decisions based on the most readily available information

Consulting with available experts before making a decision

Using a weighted average of all available options

Sticking to the first option that comes to mind

Which of the following is NOT a stage in the decision-making process?

Problem identification

Alternative evaluation

Action implementation

Problem avoidance

Which of the following is NOT a factor that influences decision-making?

Emotions

Intuition

Memory

Consensus

What is 'bounded rationality' in the context of decision-making?

Making decisions based on unlimited information and resources

Making irrational decisions without considering alternatives

Making decisions within the constraints of limited time, information, and cognitive ability

Using logical reasoning to evaluate all possible choices

Which cognitive bias involves overestimating the probability of rare but memorable events?

Confirmation bias

Availability bias

Representativeness bias

Anchoring bias

What is meant by 'decision fatigue'?

The process of making quick and efficient decisions

The mental exhaustion that occurs after making many decisions

The tendency to avoid making decisions altogether

The increased ability to make decisions under stress

What is 'cognitive dissonance' in decision-making?

The tendency to seek information that confirms pre-existing beliefs

The feeling of discomfort when there is a discrepancy between beliefs and actions

The tendency to make decisions based on the most readily available information

The inclination to stick to the first option that comes to mind

What is the primary difference between 'rational' and 'intuitive' decision-making?

Rational decision-making relies on logic, while intuitive decision-making relies on gut feelings

Rational decision-making involves fewer steps than intuitive decision-making

Intuitive decision-making is more time-consuming than rational decision-making

Rational decision-making is subjective, while intuitive decision-making is objective

#10

What is the 'sunk cost fallacy' in decision-making?

The tendency to ignore costs that have already been incurred

The inclination to continue investing in a failing project because of past investments

The process of making decisions based on future costs

The tendency to make decisions without considering past investments

#11

According to prospect theory, which of these choices best describes how individuals evaluate potential losses and gains?

Individuals weigh losses and gains equally

Individuals weigh losses more heavily than equivalent gains

Individuals weigh gains more heavily than equivalent losses

Individuals do not consider potential losses in decision-making

#12

What is the 'framing effect' in decision-making?

The tendency to make decisions based on how options are presented

The tendency to stick to the first option that comes to mind

The tendency to avoid making decisions altogether

The process of systematically analyzing all available options

#13

What role does the prefrontal cortex play in decision-making?

It is responsible for storing long-term memories

It regulates emotions and impulses, aiding in rational decision-making

It controls basic physiological functions such as breathing and heart rate

It is responsible for processing visual information

#14

What is the primary difference between 'descriptive' and 'normative' decision theories?

Descriptive theories focus on how decisions should be made, while normative theories focus on how decisions are made in practice

Normative theories focus on how decisions should be made, while descriptive theories focus on how decisions are made in practice

Descriptive theories are based on mathematical models, while normative theories are based on empirical observations

Normative theories are subjective, while descriptive theories are objective