Heuristics and biases exam review

Heuristics and biases are cognitive shortcuts that simplify decision-making but can lead to systematic errors. Understanding these concepts is crucial for analyzing human behavior and judgment in psychology.

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What is a heuristic?

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A mental shortcut that allows individuals to make quick decisions based on limited information.

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Quiz(13 preguntas)

Pregunta 1 de 13

1. Which of the following is an example of confirmation bias?

Términos en este set(15)

What is a heuristic?

A mental shortcut that allows individuals to make quick decisions based on limited information.

Confirmation bias: Define it.

The tendency to search for, interpret, and remember information that confirms one's preexisting beliefs.

True or false: Heuristics always lead to accurate decisions.

False, because heuristics can result in cognitive biases and flawed judgments.

Difference between availability heuristic and representativeness heuristic.

Availability heuristic relies on immediate examples that come to mind, while representativeness heuristic involves judging based on how closely something matches a prototype.

Fill in the blank: The _____ bias distorts perception based on one's initial exposure.

Anchoring bias.

What is the affect heuristic?

A mental shortcut where current emotions influence decisions and judgments.

Question: How does the Dunning-Kruger effect manifest?

Individuals with low ability at a task overestimate their ability.

True or false: Sunk cost fallacy encourages rational decision-making.

False, because it leads people to continue investing in a poor decision based on prior commitment.

What is the representativeness heuristic?

A cognitive shortcut that involves judging the likelihood of an event based on how much it resembles a typical case.

Question: What does the term 'hindsight bias' refer to?

The tendency to see events as having been predictable after they have already occurred.

Difference between loss aversion and risk aversion.

Loss aversion refers to the tendency to prefer avoiding losses, while risk aversion is the preference for certainty over potential gains.

Fill in the blank: The _____ effect describes how people react to losses more strongly than to gains.

Loss aversion.

What is the availability heuristic?

A cognitive bias that leads individuals to overestimate the likelihood of events based on their availability in memory.

Question: What is framing effect?

The way information is presented affects decision-making and judgment.

True or false: Groupthink is a heuristic.

False, because groupthink is a psychological phenomenon that occurs in groups when the desire for harmony leads to poor decisions.

Preguntas en este set(13)

1. Which of the following is an example of confirmation bias?

A.Ignoring opposing evidence
B.Relying on emotional responses
C.Comparing different choices
D.Using statistical data

2. What does the anchoring bias influence?

A.Initial reference points
B.Emotional responses
C.Statistical judgments
D.Comparative analysis

3. Which bias leads to overestimating one’s abilities?

A.Availability heuristic
B.Dunning-Kruger effect
C.Framing effect
D.Loss aversion

4. What is the primary concern of risk aversion?

A.Avoiding loss
B.Maximizing gain
C.Seeking certainty
D.Making quick decisions

5. Which of the following is NOT a cognitive bias?

A.Availability heuristic
B.Confirmation bias
C.Analytical reasoning
D.Hindsight bias

6. What does loss aversion refer to?

A.Preference for gains
B.Fear of uncertainty
C.Stronger reaction to losses than gains
D.Quick decision-making

7. If someone is influenced by how a choice is framed, they are experiencing:

A.Confirmation bias
B.Framing effect
C.Dunning-Kruger effect
D.Risk aversion

8. Which heuristic involves assessing the probability of events based on their resemblance?

A.Availability heuristic
B.Representativeness heuristic
C.Anchoring heuristic
D.Confirmation heuristic

9. In groupthink, what is typically sacrificed?

A.Diversity of ideas
B.Focus on goals
C.Critical thinking
D.All of the above

10. Which cognitive bias can lead to misjudging the frequency of events?

A.Confirmation bias
B.Availability heuristic
C.Anchoring bias
D.Sunk cost fallacy

11. The sunk cost fallacy encourages individuals to:

A.Ignore past investments
B.Continue investing in losing propositions
C.Make rational decisions
D.Focus on future benefits

12. How does the affect heuristic influence decision-making?

A.By relying on facts
B.Through emotional reactions
C.Based on analytical skills
D.Using statistical data

13. Which bias leads to the perception of predictability after an event occurs?

A.Framing effect
B.Hindsight bias
C.Confirmation bias
D.Representativeness heuristic

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