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 12
Describe how confirmation bias can impact scientific research.
Describe how hindsight bias can affect judgment after an event has occurred.
Describe how the anchoring bias can affect financial decisions.
Describe the difference between heuristics and algorithms in decision making.
A doctor is more likely to recommend a treatment described as having a 90% survival rate than one described as having a 10% mortality rate, even though both are statistically identical. This is an example of the __________ effect.
A person believes that after flipping a coin and getting heads five times in a row, tails is more likely on the next flip. 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.
A person is asked to estimate the number of countries in Africa. They are first shown the number 30, and their estimate is close to this number. This is an example of the __________ bias.
A student chooses to study for a test using only the materials that confirm what they already know, ignoring other sources. Which bias is this an example of? (1) Anchoring bias (2) Confirmation bias (3) Availability heuristic (4) Overconfidence bias
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
Which of the following best describes satisficing? (1) Seeking the optimal solution (2) Choosing the first satisfactory option (3) Using logical reasoning (4) Avoiding all risks
Which of the following best describes the framing effect? (1) The way information is presented affects decisions (2) People ignore irrelevant information (3) People use mental shortcuts (4) People remember recent events better
A doctor is more likely to recommend a treatment described as having a 90% survival rate than one described as having a 10% mortality rate, even though both are statistically identical. This is an example of the __________ effect.
A person believes that after flipping a coin and getting heads five times in a row, tails is more likely on the next flip. 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.
A person is asked to estimate the number of countries in Africa. They are first shown the number 30, and their estimate is close to this number. This is an example of the __________ bias.
Is the following statement true or false? Algorithms always guarantee a correct solution if followed correctly.
Is the following statement true or false? People tend to be more sensitive to potential losses than to equivalent gains, a phenomenon known as loss aversion.
Is the following statement true or false? Satisficing is a strategy where individuals seek the best possible solution to a problem.
Is the following statement true or false? The availability heuristic can lead to overestimating the frequency of rare but memorable events.
