Psychological Biases Quiz

Test your understanding of behavioral economics with this quiz on psychological biases. Explore biases like confirmation bias, overconfidence, and more!

#1

Which psychological 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 psychological bias where individuals believe they are better and more capable than others?

Overconfidence Bias
Impostor Syndrome
Confirmation Bias
Hindsight Bias
#3

Which psychological bias describes the tendency to favor information confirming existing beliefs or biases?

Overconfidence Bias
Confirmation Bias
Anchoring Bias
Hindsight Bias
#4

In decision making, which bias involves placing disproportionate importance on the first piece of information encountered?

Recency Bias
Anchoring Bias
Hindsight Bias
Availability Heuristic
#5

Which psychological bias involves attributing one's success to internal factors while blaming failure on external factors?

Fundamental Attribution Error
Self-Serving Bias
Confirmation Bias
Availability Heuristic
#6

What is the term for the bias where people tend to overestimate the importance of recent events compared to earlier events?

Recency Bias
Anchoring Bias
Availability Heuristic
Hindsight Bias
#7

Which psychological bias involves making decisions based on the most readily available information rather than the complete set of data?

Confirmation Bias
Anchoring Bias
Availability Heuristic
Hindsight Bias
#8

What is the term for the bias that leads individuals to overestimate their ability to predict future events?

Overconfidence Bias
Hindsight Bias
Recency Bias
Confirmation Bias
#9

What is the term for the bias that leads individuals to believe they would have predicted an event once it has occurred?

Hindsight Bias
Confirmation Bias
Anchoring Bias
Recency Bias
#10

Which bias occurs when individuals seek out or give more weight to information that confirms their preconceptions?

Confirmation Bias
Anchoring Bias
Availability Heuristic
Overconfidence Bias
#11

Which psychological bias involves underestimating the time, costs, and risks of future actions and overestimating their benefits?

Planning Fallacy
Anchoring Bias
Availability Heuristic
Hindsight Bias
#12

What is the term for the bias where people tend to recall past events as being more predictable than they actually were?

Hindsight Bias
Confirmation Bias
Recency Bias
Anchoring Bias

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