Social Science

Cognitive Biases and Decision Making

1,902 Questions

Explore a curated set of questions on cognitive biases, decision making, and behavioral economics. These concepts evaluate how social norms, emotions, and heuristics influence human judgment and group behavior. Master these topics to build a strong foundation for psychology and social science exams.

Behavioral economicsSocial group influencesEmotional decision makingConfirmation bias

Cognitive Biases and Decision Making Questions

Multiple choice

What is the term for the tendency to place larger bets when feeling confident, and smaller bets when feeling less confident?

  1. Tilt

  2. Variance

  3. Bankroll management

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Tilt is the tendency to place larger bets when feeling confident, and smaller bets when feeling less confident. This can lead to poor betting decisions.

Multiple choice

What is the term for the tendency to place bets based on recent results, rather than on long-term trends?

  1. Recency bias

  2. Confirmation bias

  3. Illusion of control

  4. Gambler's fallacy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Recency bias is the tendency to place bets based on recent results, rather than on long-term trends. This can lead to poor betting decisions.

Multiple choice

Which of the following is a common emotional factor that can lead to recency bias?

  1. Fear of missing out

  2. Greed

  3. Overconfidence

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Fear of missing out, greed, and overconfidence can all lead to recency bias, which is the tendency to place bets based on recent results, rather than on long-term trends.

Multiple choice

What is the term for the tendency to place bets based on the belief that one is due to win after a series of losses?

  1. Confirmation bias

  2. Illusion of control

  3. Gambler's fallacy

  4. Hot hand fallacy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The gambler's fallacy is the belief that one is due to win after a series of losses, despite the fact that each bet is an independent event.

Multiple choice

Which of the following is a common emotional factor that can lead to the gambler's fallacy?

  1. Fear of missing out

  2. Greed

  3. Overconfidence

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Fear of missing out, greed, and overconfidence can all lead to the gambler's fallacy, which is the belief that one is due to win after a series of losses.

Multiple choice

What is the term for the tendency to place bets based on the belief that one is on a winning streak?

  1. Confirmation bias

  2. Illusion of control

  3. Gambler's fallacy

  4. Hot hand fallacy
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The hot hand fallacy is the belief that one is on a winning streak, and that this streak is likely to continue. This can lead to poor betting decisions.

Multiple choice

Which of the following is a common emotional factor that can lead to the hot hand fallacy?

  1. Fear of missing out

  2. Greed

  3. Overconfidence

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Fear of missing out, greed, and overconfidence can all lead to the hot hand fallacy, which is the belief that one is on a winning streak, and that this streak is likely to continue.

Multiple choice

What is the term for the phenomenon where people experience a distorted perception of their own body size and shape?

  1. Body Dysmorphic Disorder (BDD)

  2. Body Image Distortion

  3. Media-Induced Body Dissatisfaction

  4. Fashion-Related Body Anxiety
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Body Image Distortion refers to the distorted perception of one's own body size and shape, often leading to negative body image and dissatisfaction.

Multiple choice

What is the term for the phenomenon where people experience a distorted perception of their own body size and shape?

  1. Body Dysmorphic Disorder (BDD)

  2. Body Image Distortion

  3. Media-Induced Body Dissatisfaction

  4. Fashion-Related Body Anxiety
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Body Image Distortion refers to the distorted perception of one's own body size and shape, often leading to negative body image and dissatisfaction.

Multiple choice

Which psychological concept is frequently utilized in horror stories to create a sense of dread and paranoia?

  1. Cognitive Dissonance

  2. Confirmation Bias

  3. Uncanny Valley

  4. Dunning-Kruger Effect
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Uncanny Valley concept, referring to the unsettling feeling evoked by entities that appear almost, but not quite, human, is often used to create a sense of dread and paranoia in horror stories.

Multiple choice

What is the term used to describe the psychological phenomenon of feeling watched or observed, even in the absence of any physical evidence?

  1. Déjà Vu

  2. Pareidolia

  3. Voyeurism

  4. Scopophobia
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Scopophobia refers to the intense fear of being watched or observed, often leading to feelings of paranoia and anxiety.

Multiple choice

How does personal experience influence our judgments and evaluations?

  1. Personal experience provides us with concrete examples and anecdotes that shape our beliefs and attitudes.

  2. Personal experience can lead to confirmation bias, causing us to seek out information that confirms our existing beliefs.

  3. Personal experience can make us overly reliant on our own subjective perspectives, limiting our ability to consider alternative viewpoints.

  4. All of the above.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Personal experience has both positive and negative effects on our judgments and evaluations, providing valuable insights while also introducing potential biases and limitations.

Multiple choice

What is the psychological phenomenon that explains why consumers are more likely to purchase products endorsed by celebrities or influencers?

  1. Celebrity worship syndrome

  2. Bandwagon effect

  3. Social proof

  4. Mere exposure effect
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Social proof is the psychological phenomenon that explains why consumers are more likely to purchase products endorsed by celebrities or influencers. It is based on the idea that people tend to conform to the actions and behaviors of others, especially those they perceive as experts or role models.

Multiple choice

What is the phenomenon where we tend to focus on stimuli that are personally relevant to us called?

  1. Cocktail party effect

  2. Stroop effect

  3. Attentional bias

  4. Priming effect
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Attentional bias refers to the tendency to focus on stimuli that are personally relevant or emotionally significant to us, even when they are not directly related to the task at hand.

Multiple choice

Which of the following is an example of an attentional bias?

  1. A student paying more attention to the professor's lecture when it relates to their major

  2. A parent being more attentive to their child's needs than to other children's needs

  3. A sports fan being more focused on their favorite team's game than on other games

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Attentional biases can be positive, directing our attention towards beneficial information, or negative, leading us to focus on negative or threatening stimuli.