Decision-Making Strategies Quiz

Explore common heuristics, biases, and models in decision-making. Challenge your understanding with this insightful quiz on decision science.

Practice Learn Test

Which of the following is a common heuristic used in decision-making?

Algorithm

Availability Heuristic

Syntax

Indexing

In decision-making, what does the term 'confirmation bias' refer to?

Seeking information that supports one's pre-existing beliefs

Making decisions without any prior information

Random decision-making

Considering all available options equally

What is the primary purpose of a decision tree in decision analysis?

Displaying random information

Predicting future events with certainty

Facilitating decision-making by mapping out alternatives and their possible consequences

Visualizing mathematical equations

What is the 'satisficing' approach in decision-making?

Choosing the best possible option

Choosing the first available option

Choosing an option that meets minimum criteria

Choosing an option that satisfies all criteria

Which decision-making bias involves giving preference to information that confirms pre-existing beliefs?

Confirmation bias

Anchoring bias

Availability bias

Hindsight bias

In decision-making, what does the acronym RACI stand for?

Responsible, Accountable, Consulted, Informed

Resource Allocation, Control, Implementation

Risk Assessment, Control, Implementation

Reporting, Analysis, Communication, Improvement

Which decision-making model involves identifying, comparing, and selecting the best alternative?

Intuitive decision-making

Rational decision-making

Emotional decision-making

Heuristic decision-making

What is 'game theory' in the context of decision-making?

A theory about playing board games

A branch of mathematics that studies strategic interactions

A theory only applicable to sports

A theory about individual decision-making only

Which decision-making strategy involves evaluating alternatives based on their potential outcomes and consequences?

Cost-benefit analysis

Game theory

Pros and cons analysis

Pareto analysis

#10

What is the 'Ooda Loop' in decision-making?

A decision-making process involving observation, orientation, decision, and action

A decision-making technique for analyzing objectives, options, and outcomes

A model for assessing risk and uncertainty in decision-making

A heuristic approach to decision-making based on past experiences

#11

What is the 'six thinking hats' technique in decision-making?

A method for considering multiple perspectives in decision-making