Decision Making and Judgment
Psychology ⇒ Cognitive Psychology
Decision Making and Judgment starts at 11 and continues till grade 12.
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See sample questions for grade 11
Describe a real-life situation where the availability heuristic might affect someone’s judgment.
Describe a situation where confirmation bias might affect someone’s decision making.
Describe how framing effects can influence decision making.
Describe how groupthink can negatively affect decision making in groups.
A person is asked to estimate the number of countries in Africa. After being told the number is higher than 20, their estimate increases. This is an example of which bias? (1) Availability (2) Anchoring (3) Representativeness (4) Sunk cost
A person is more likely to buy a product if it is described as '95% fat-free' rather than 'contains 5% fat.' This is an example of which effect? (1) Anchoring (2) Framing (3) Sunk cost (4) Hindsight
A student believes they will fail a test because they failed the last one, even though they studied more this time. This is an example of which cognitive bias? (1) Hindsight bias (2) Anchoring bias (3) Availability heuristic (4) Representativeness heuristic
Which of the following is an example of anchoring bias? (1) Judging a product’s value based on its original price (2) Ignoring new information (3) Overestimating rare events (4) Making decisions based on emotions
A person is asked to estimate the number of countries in Africa. After being told the number is higher than 20, their estimate increases. This is an example of which bias? (1) Availability (2) Anchoring (3) Representativeness (4) Sunk cost
A person is more likely to buy a product if it is described as '95% fat-free' rather than 'contains 5% fat.' This is an example of which effect? (1) Anchoring (2) Framing (3) Sunk cost (4) Hindsight
A student believes they will fail a test because they failed the last one, even though they studied more this time. This is an example of which cognitive bias? (1) Hindsight bias (2) Anchoring bias (3) Availability heuristic (4) Representativeness heuristic
Which cognitive bias involves relying too heavily on the first piece of information encountered when making decisions? (1) Anchoring bias (2) Confirmation bias (3) Hindsight bias (4) Availability heuristic
A person believes that after flipping a coin and getting heads five times in a row, tails is 'due' to occur. This is an example of the __________ fallacy.
A person continues to invest in a failing project because they have already spent a lot of money on it. This is an example of the __________ fallacy.
Fill in the blank: The __________ heuristic involves estimating the likelihood of an event based on how similar it is to a typical case.
Fill in the blank: The process of making judgments under conditions of uncertainty often involves the use of __________.
Is the following statement true or false? 'People always make rational decisions when given all the information.'
True or False: Emotions can influence decision making and judgment.
True or False: People are more likely to take risks to avoid losses than to achieve gains, according to prospect theory.
True or False: Satisficing means searching for the perfect solution to a problem.
