GPI - Decision Bias Quiz

Teamleader Rajeev has a special fondness for his newest recruit Saket. Saket has graduated from Tier 1 B-School and has worked for a huge corporate company before Rajeev identified him for his team. Every time Saket introduces a new initiative or proposal, Rajeev is enthused to try it out and looks for possibilities for why it should work. Rajeev doesn't necessarily show the same level of excitement to the initiatives proposed by other team members. What kind of bias is Rajeev portraying here?

• Framing

• Saliency

• Anchoring

• Confirmation

• Champion

There are 2 ways in which you can present information that can create different perceptions:

Option 1: In Q3, our Earnings per Share (EPS) was $1.25, compared to expectations of $1.27.

vs.

Option 2: In Q3, our Earnings per Share (EPS) were $1.25, compared to Q2, where they were $1.21.

What kind of bias are you capitalizing on here?

• Framing

• Saliency

• Anchoring

• Confirmation

• Champion

Vidya is in support of a particular political viewpoint. She seeks out news stories and opinion pieces that reaffirm her opinions. When she comes across news of new administrative policies or changes, she interprets them in a way that supports her existing beliefs.

Hemant, on the other hand, is adamantly opposed to Vidya's views. He seeks out news sources that are aligned with his position. When he comes across news stories, he interprets them in a way that supports his current point of view. What kind of bias do you identify here?

• Framing

• Saliency

• Anchoring

• Confirmation

• Champion

Nitin has been recently promoted as a team manager. He is responsible for of handling a tenured team most of whom have been working in this team for almost 4 years. Rohan is an influential and deserving team member feels that he should have been the one to be promoted and is upset with Nitin's promotion. He makes it a point not to listen to what Nitin directs him to do. Nitin feels that the senior members of his team are influenced by Rohan and are not taking him seriously. In the last team meeting, Hari, another team member did not come prepared with the updates Nitin had asked him to prepare. This incident further strengthened this belief. 

• Framing

• Saliency

• Anchoring

• Confirmation

• Champion

Kushal has been contemplating buying a fuel efficient car within a tight budget. However, on visiting various showrooms, Kushal is now fixated on buying a attractive looking, chic car that does not meet the fuel efficiency or the budget he is looking for. Yet, Kushal has decided to go ahead and purchase this car. What kind of a decision bias would you categorize this as?

• Framing

• Saliency

• Anchoring

• Confirmation

• Champion

Prafful was shopping at a mall first saw a T-shirt that costed Rs.1,200 and then saw a second one that costed Rs.250 in another shop. Prafful immediately thought that the second T-shirt was a steal deal and bought it. However, at the same shop, there was another customer bargaining for a similar T- shirt for Rs.200 as he had seen a cheaper one for Rs. 150 earlier. What kind of bias do you identify here?

• Framing

• Saliency

• Anchoring

• Confirmation

• Champion