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Psychological Biases Quiz

#1

Which psychological bias refers to the tendency to rely too heavily on the first piece of information encountered?

Anchoring Bias
Explanation

Overemphasizing initial information in decision-making.

#2

What is the psychological bias where individuals believe they are better and more capable than others?

Overconfidence Bias
Explanation

Overestimating one's abilities and superiority.

#3

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

Confirmation Bias
Explanation

Preferring information that supports preconceived notions.

#4

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

Anchoring Bias
Explanation

Giving excessive weight to initial information in decision-making.

#5

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

Self-Serving Bias
Explanation

Taking credit for success, blaming external factors for failure.

#6

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

Recency Bias
Explanation

Overvaluing recent events in comparison to past events.

#7

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

Availability Heuristic
Explanation

Reliance on easily accessible information for decision-making.

#8

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

Overconfidence Bias
Explanation

Excessive confidence in predicting future outcomes.

#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
Explanation

Believing one would have predicted an event after it happened.

#10

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

Confirmation Bias
Explanation

Preferring information that aligns with existing beliefs.

#11

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

Planning Fallacy
Explanation

Underestimating future challenges and overestimating benefits.

#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
Explanation

Remembering past events as more predictable than they were.

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