
Cognitive Biases in Decision Making
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Standards-aligned
Jesse Merz
Used 1+ times
FREE Resource
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10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Confirmation Bias
Back
Tendency to search for information that supports preconceptions
Tags
DOK Level 3: Strategic Thinking
2.
FLASHCARD QUESTION
Front
Endowment Effect
Back
Valuing owned items more than their market value
Tags
DOK Level 3: Strategic Thinking
3.
FLASHCARD QUESTION
Front
Fear of Missing Out (FOMO)
Back
Anxiety that an event may be happening elsewhere
Tags
DOK Level 3: Strategic Thinking
4.
FLASHCARD QUESTION
Front
Hedonic Adaptation
Back
Returning to a baseline level of happiness
Tags
DOK Level 3: Strategic Thinking
5.
FLASHCARD QUESTION
Front
Javier's Investment Decision
Back
Influenced by social media group on trending stocks
Tags
DOK Level 3: Strategic Thinking
6.
FLASHCARD QUESTION
Front
Suli's Car Purchase
Back
Willing to pay over budget due to ownership imagination
Tags
DOK Level 3: Strategic Thinking
7.
FLASHCARD QUESTION
Front
Social Influence on Decisions
Back
Impact of group opinions on personal choices
Tags
DOK Level 3: Strategic Thinking
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