Cognitive Bias Quiz

What is the term for the bias where a person values something more simply because they own it?

• Confirmation Bias

• Endowment Effect

• Herd Mentality

• Loss Aversion

Which cognitive bias is illustrated by someone feeling compelled to continue an event because of the time or money already spent on it?

• FOMO (Fear of Missing Out)

• Overconfidence

• Sunk Cost Fallacy

• Hedonic Adaptation

What is the name of the bias where people tend to look for information that confirms their existing beliefs, ignoring contradictory evidence?

• Herd Mentality

• Loss Aversion

• Confirmation Bias

• Endowment Effect

Which cognitive bias might cause someone to overestimate their abilities after just learning the basics of a subject?

• FOMO (Fear of Missing Out)

• Overconfidence

• Hedonic Adaptation

• Endowment Effect

What is the cognitive bias called when a person feels anxiety or fear about missing out on an exciting or interesting event?

• Loss Aversion

• Confirmation Bias

• FOMO (Fear of Missing Out)

• Sunk Cost Fallacy

Which bias describes the tendency to adapt to a new situation such that the emotional impact of positive or negative experiences diminishes over time?

• Hedonic Adaptation

• Herd Mentality

• Endowment Effect

• Overconfidence

What cognitive bias might influence a person to follow a group decision or trend, doubting their own different plan?

• Confirmation Bias

• Loss Aversion

• Herd Mentality

• Endowment Effect

Which cognitive bias is characterized by the fear of losing something being more influential than the prospect of gaining something of equal value?

• Sunk Cost Fallacy

• FOMO (Fear of Missing Out)

• Overconfidence

• Loss Aversion