Heuristics, Biases, and Illusions Quiz

What is the narrative fallacy?

• A tendency to overestimate our ability to control events

• Our limited ability to look at sequences of facts without weaving an explanation into them

• A process of judging frequency of an event based on recall

• A statistical phenomenon that establishes things tend to even out over time

What is the illusion of control?

• A tendency to believe random follows specific patterns

• A process of judging likelihood based on resemblance to a category

• A tendency to judge past decisions based on outcomes

• A tendency to overestimate our ability to control events

What is the gambler's fallacy?

• A tendency to overestimate the reliability of small samples

• A tendency to see non-existent correlations

• A belief that the probability of an event is influenced by previous instances

• A process of judging frequency based on recall

What is regression to the mean?

• A tendency to judge past decisions based on outcomes

• A statistical phenomenon that things tend to even out over time

• A belief that random follows specific patterns

• A process of judging likelihood based on resemblance to a category

What is the availability heuristic?

• A belief that random follows specific patterns

• A process of judging frequency based on recall

• A tendency to judge past decisions based on outcomes

• A tendency to overestimate the reliability of small samples

What is the representative heuristic?

• A tendency to see non-existent correlations

• A process of judging likelihood based on resemblance to a category

• A belief that the probability of an event is influenced by previous instances

• A tendency to overestimate our ability to control events

What is the halo effect?

• A tendency to generate a general impression based on perception in some areas

• A process of judging likelihood based on resemblance to a category

• A belief that random follows specific patterns

• A tendency to see non-existent correlations

What is outcome bias?

• A process of judging frequency based on recall

• A belief that the probability of an event is influenced by previous instances

• A tendency to overestimate the reliability of small samples

• A tendency to see events as predictable after they occur

What is hindsight bias?

• A tendency to see events as predictable after they occur

• A process of judging likelihood based on resemblance to a category

• A belief that random follows specific patterns

• A tendency to see non-existent correlations

What is confirmation bias?

• A process of judging frequency based on recall

• A tendency to search for information that confirms preexisting beliefs

• A belief that the probability of an event is influenced by previous instances

• A tendency to overestimate our ability to control events