Decision-Making Models and Cognitive Factors Quiz

Explore cognitive biases and models like Vroom-Yetton-Jago, OODA loop, and rational decision-making. Challenge yourself with 15 questions!

#1

Which decision-making model involves identifying, evaluating, and choosing among several alternatives?

Intuitive decision-making model
Rational decision-making model
Bounded rationality model
Satisficing decision-making model
#2

In the OODA loop decision-making model, what does 'OODA' stand for?

Observe, Optimize, Decide, Act
Observe, Orient, Decide, Act
Observe, Organize, Decide, Assess
Oversee, Orient, Decide, Assess
#3

Which decision-making model emphasizes making decisions based on intuition, gut feelings, and past experiences?

Rational decision-making model
Intuitive decision-making model
Bounded rationality model
Satisficing decision-making model
#4

Which decision-making model suggests that individuals make decisions by selecting the first option that meets a minimum threshold of acceptability?

Intuitive decision-making model
Rational decision-making model
Bounded rationality model
Satisficing decision-making model
#5

Which decision-making model suggests that individuals seek to maximize benefits and minimize costs, assuming they have access to all relevant information?

Intuitive decision-making model
Rational decision-making model
Bounded rationality model
Satisficing decision-making model
#6

Which cognitive factor refers to the tendency to rely on information that is readily available, even if it might not be the most relevant?

Anchoring bias
Confirmation bias
Availability heuristic
Representativeness heuristic
#7

In the Vroom-Yetton-Jago Decision Model, 'LAI' refers to which type of decision-making style?

Autocratic
Consultative
Facilitative
Delegative
#8

Which of the following is not one of the steps in the rational decision-making model?

Identifying the problem
Evaluating the alternatives
Selecting the first satisfactory option
Implementing the chosen alternative
#9

Which cognitive bias involves favoring options that align with pre-existing beliefs or values?

Anchoring bias
Confirmation bias
Hindsight bias
Availability heuristic
#10

According to Herbert Simon, which decision-making model recognizes the limitations of human rationality and information processing?

Intuitive decision-making model
Bounded rationality model
Rational decision-making model
Satisficing decision-making model
#11

Which cognitive bias occurs when decision-makers overestimate their own ability to predict future events?

Overconfidence bias
Confirmation bias
Hindsight bias
Availability heuristic
#12

The 'framing effect' is an example of which cognitive bias?

Anchoring bias
Confirmation bias
Hindsight bias
Availability heuristic
#13

Which cognitive bias involves the tendency to judge the probability of an event based on how closely it resembles a prototype?

Anchoring bias
Confirmation bias
Representativeness heuristic
Availability heuristic
#14

According to prospect theory, individuals are more sensitive to what type of changes?

Absolute changes
Relative changes
Incremental changes
Variable changes
#15

According to the 'prospect theory', individuals are more averse to losses than they are motivated by equivalent gains. This principle is known as:

Loss aversion
Gambler's fallacy
Framing effect
Endowment effect

Sign In to view more questions.

Sign InSign Up

Quiz Questions with Answers

Forget wasting time on incorrect answers. We deliver the straight-up correct options, along with clear explanations that solidify your understanding.

Test Your Knowledge

Craft your ideal quiz experience by specifying the number of questions and the difficulty level you desire. Dive in and test your knowledge - we have the perfect quiz waiting for you!

Similar Quizzes

Other Quizzes to Explore