Cognitive Biases Quiz

What is the anchoring bias?

• Relying on the first information received when making decisions

• Ignoring all information when making decisions

• Always choosing the most expensive option

• Believing in something because everyone else does

What is the availability heuristic bias?

• Overestimating the importance of information that one has

• Ignoring all information that one has

• Believing in something because everyone else does

• Relying on the first information received when making decisions

What is the bandwagon effect?

• Following the rest without thinking

• Overestimating the importance of information that one has

• Ignoring all information that one has

• Relying on the first information received when making decisions

What is the choice supportive bias?

• Defending a choice because it was made by someone else

• Defending a choice because it was their own

• Ignoring all choices made

• Believing in something because everyone else does

What is the confirmation bias?

• Listening to information that contradicts one's beliefs

• Listening to information that confirms one's beliefs

• Ignoring all information received

• Relying on the first information received when making decisions

What is the ostrich bias?

• Ignoring negative information and only considering the positive aspects

• Ignoring positive information and only considering the negative aspects

• Relying on the first information received when making decisions

• Overestimating the importance of information that one has

What is the outcome bias?

• Relying on the first information received when making decisions

• Ignoring all information received

• Judging the efficacy of a decision based on the process

• Judging the efficacy of a decision based on the outcome

What is the overconfidence bias?

• Ignoring all information received

• Taking decisions based on opinions and gut feelings

• Taking decisions based on facts and statistics

• Relying on the first information received when making decisions

What is the placebo bias?

• Relying on the first information received when making decisions

• Ignoring all information received

• Believing something will have a certain effect but it not causing that effect

• Believing something will have a certain effect and it actually causing that effect

What is the survivorship bias?

• Judging something based on the surviving information

• Relying on the first information received when making decisions

• Judging something based on the non-surviving information

• Ignoring all information received