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Ethical Decision-Making and Cognitive Biases Quiz

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

Anchoring Bias

Explanation

Over-relying on initial information.

What is the term for the tendency to favor information that confirms one's preconceptions or hypotheses regardless of whether the information is true or not?

Confirmation Bias

Explanation

Preferring information that aligns with pre-existing beliefs.

Which cognitive bias involves making judgments about the likelihood of an event based on how easily examples of it come to mind?

Availability Heuristic

Explanation

Judging likelihood based on ease of recall.

What is the tendency to believe that future events are more predictable than they actually are, often leading to overestimation of the accuracy of one's predictions?

Overconfidence Bias

Explanation

Overestimating predictability of future events.

What is the cognitive bias that causes individuals to judge others as being more similar to themselves than they really are?

False Consensus Effect

Explanation

Assuming others share one's views more than they do.

Which cognitive bias involves attributing success to one's own abilities and efforts, while attributing failure to external factors?

Self-Serving Bias

Explanation

Taking credit for success and blaming others for failure.

Which cognitive bias involves the tendency to believe that one's personal preferences or beliefs are representative of broader groups or populations?

False Consensus Effect

Explanation

Assuming one's views are typical of others.

Which of the following is NOT an example of a cognitive bias?

Logical Reasoning

Explanation

Logical reasoning is not a cognitive bias.

Which cognitive bias involves placing undue importance on the first piece of information received (the 'anchor') and making subsequent judgments based on it?

Anchoring Bias

Explanation

Overemphasizing initial information.

#10

Which cognitive bias involves attributing more importance to recent events compared to earlier ones when making decisions?

Recency Bias

Explanation

Giving undue weight to recent events.

#11

What is the tendency to view events as more predictable after they have already occurred?

Hindsight Bias

Explanation

Viewing events as more predictable after the fact.

#12

What is the tendency to believe that the likelihood of a rare event increases if it hasn't occurred recently?

Gambler's Fallacy

Explanation

Believing rare events are 'due' after a string of non-occurrences.

#13

Which cognitive bias involves the tendency to overestimate one's ability to control or influence events?

Overconfidence Bias

Explanation

Overestimating one's ability to control outcomes.

#14

Which cognitive bias involves the tendency to overestimate the likelihood of events with more recent occurrences?

Recency Bias

Explanation

Overestimating likelihood due to recent examples.

#15

What is the term for the tendency to overestimate one's own ability to predict events or outcomes?

Overconfidence Bias

Explanation

Overestimating predictive abilities.

#16

Which cognitive bias involves the tendency to continue a behavior or decision once made, even when it's no longer rational?

Sunk Cost Fallacy

Explanation

Persisting with decisions despite irrationality.

#17

What is the term for the tendency to judge the probability of an event based on how similar it is to the typical prototype of that event?

Representativeness Heuristic

Explanation

Assessing likelihood based on resemblance to a prototype.

#18

Which cognitive bias involves the tendency to overvalue the usefulness of an item simply because one owns it?

Endowment Effect

Explanation

Valuing items more highly because of ownership.

#19

Which cognitive bias involves the tendency to rely too heavily on the most recent information when making decisions?

Recency Bias

Explanation

Over-reliance on recent information.

Ethical Decision-Making and Cognitive Biases Quiz

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

What is the term for the tendency to favor information that confirms one's preconceptions or hypotheses regardless of whether the information is true or not?

Which cognitive bias involves making judgments about the likelihood of an event based on how easily examples of it come to mind?

What is the tendency to believe that future events are more predictable than they actually are, often leading to overestimation of the accuracy of one's predictions?

What is the cognitive bias that causes individuals to judge others as being more similar to themselves than they really are?

Which cognitive bias involves attributing success to one's own abilities and efforts, while attributing failure to external factors?

Which cognitive bias involves the tendency to believe that one's personal preferences or beliefs are representative of broader groups or populations?

Which of the following is NOT an example of a cognitive bias?

Which cognitive bias involves placing undue importance on the first piece of information received (the 'anchor') and making subsequent judgments based on it?

Which cognitive bias involves attributing more importance to recent events compared to earlier ones when making decisions?

What is the tendency to view events as more predictable after they have already occurred?

What is the tendency to believe that the likelihood of a rare event increases if it hasn't occurred recently?

Which cognitive bias involves the tendency to overestimate one's ability to control or influence events?

Which cognitive bias involves the tendency to overestimate the likelihood of events with more recent occurrences?

What is the term for the tendency to overestimate one's own ability to predict events or outcomes?

Which cognitive bias involves the tendency to continue a behavior or decision once made, even when it's no longer rational?

What is the term for the tendency to judge the probability of an event based on how similar it is to the typical prototype of that event?

Which cognitive bias involves the tendency to overvalue the usefulness of an item simply because one owns it?

Which cognitive bias involves the tendency to rely too heavily on the most recent information when making decisions?

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