Cognitive Bias

Name?

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What is the definition of cognitive bias?

• The tendency to rely too heavily on the first piece of information encountered
• The tendency to favor information that confirms one's preexisting beliefs or values
• The tendency to give greater weight to the first information received
• The tendency to overestimate the likelihood of events based on memorable occurrences

Which cognitive bias involves favoring information that confirms one's preexisting beliefs or values?

• Availability bias
• Confirmation bias
• Anchoring bias
• Hindsight bias

What is the name of the cognitive bias that involves feeling bad ?because everyone of friends are at the party.

• Availability bias
• Confirmation bias
• Hindsight bias
• FOMO

Which cognitive bias involves following the crowd without thinking through the ramifications of your decision.

• Hindsight bias
• Confirmation bias
• Herd mentality bias
• Anchoring bias

What is the name of the cognitive bias that involves relying too heavily on the first piece of information encountered?

• Anchoring bias
• Confirmation bias
• Availability bias
• Hindsight bias

Which cognitive bias involves viewing past events as more predictable than they actually were?

• Hindsight bias
• Availability bias
• Anchoring bias
• Confirmation bias

What is the name of the cognitive bias that involves as greater sense of sadness over a small loss versus a large gain.

• Loss aversion bias
• Confirmation bias
• Hindsight bias
• Availability bias

Which cognitive bias involves attributing one's own desire for pleasure and not being satisfied with something.

• Availability bias
• Hedonic Adaptation bias
• Hindsight bias
• Confirmation bias

What is the name of the cognitive bias that involves placing a higher value on something because it belongs to you.

• Availability bias
• Confirmation bias
• Hindsight bias
• Endowment Effect bias