U4L3 HW Econ

The message relates to our abilities to recognize our own biases by:

• Making us aware of our own biases.

• Encouraging us to ignore biases.

• Suggesting biases do not exist.

• Promoting biased thinking.

Fill in the blank: A sign of cognitive bias is only tuning in to news and stories that confirm your ________.

• opinions

• location

• age

• schedule

Fill in the blank: Attributing other people's success to ________ is a sign of cognitive bias.

• luck

• hard work

• intelligence

• perseverance

Fill in the blank: Constantly blaming ________ if things don't go your way is a sign of cognitive bias.

• others

• yourself

• luck

• the weather

Fill in the blank: Assuming you are always ________ is a sign of cognitive bias.

• correct

• late

• hungry

• tired

Fill in the blank: Assuming that everyone else should share the same ________ or beliefs is a sign of cognitive bias.

• opinions

• clothes

• height

• language

Fill in the blank: ________ bias refers to your tendency to look for information that confirms what you already believe and to ignore information that would disprove your beliefs.

• Confirmation bias

• Anchoring bias

• Availability bias

• Hindsight bias

Fill in the blank: ________ bias refers to your tendency to rely too heavily on the first piece of information you encounter, even if you receive information later that contradicts it.

• Anchoring bias

• Confirmation bias

• Availability bias

• Hindsight bias

Which type of cognitive bias is described in the following example? You only pay attention to news sources that reinforce your particular political or economic views.

• Confirmation bias

• Anchoring bias

Fill in the blank: ________ bias refers to your tendency to perceive events as more predictable after they happen.

• Hindsight

• Confirmation

• Anchoring

• Availability