Social Science
Cognitive Biases and Decision Making
1,880 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
Which human factor is most likely to lead to procrastination in financial decision-making?
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Hyperbolic discounting
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Present bias
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Status quo bias
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All of the above
D
Correct answer
Explanation
All of the human factors listed can lead to procrastination in financial decision-making. Hyperbolic discounting is the tendency to prefer smaller rewards sooner over larger rewards later. Present bias is the tendency to overweight the present over the future. Status quo bias is the tendency to prefer the current state of affairs over change.
Which human factor is most likely to lead to impulsive financial decision-making?
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Affect heuristic
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Hot-hand fallacy
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Gambler's fallacy
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All of the above
D
Correct answer
Explanation
All of the human factors listed can lead to impulsive financial decision-making. Affect heuristic is the tendency to make decisions based on emotions rather than logic. Hot-hand fallacy is the belief that a person is more likely to continue to succeed after a string of successes. Gambler's fallacy is the belief that a person is due for a win after a string of losses.
What is the term for the tendency of individuals to conform to the opinions and behaviors of the group?
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Conformity
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Compliance
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Obedience
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Groupthink
A
Correct answer
Explanation
Conformity is the term for the tendency of individuals to conform to the opinions and behaviors of the group.
What is the term for the tendency of individuals to adopt the opinions and behaviors of others in order to be accepted by the group?
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Conformity
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Compliance
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Obedience
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Groupthink
A
Correct answer
Explanation
Conformity is the term for the tendency of individuals to adopt the opinions and behaviors of others in order to be accepted by the group.
What is the term for the tendency of individuals to obey the instructions of an authority figure, even if they believe the instructions are wrong?
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Conformity
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Compliance
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Obedience
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Groupthink
C
Correct answer
Explanation
Obedience is the term for the tendency of individuals to obey the instructions of an authority figure, even if they believe the instructions are wrong.
What is the term for the tendency of individuals to think and act in the same way as the rest of the group, even if they disagree with the group's opinion?
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Conformity
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Compliance
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Obedience
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Groupthink
D
Correct answer
Explanation
Groupthink is the term for the tendency of individuals to think and act in the same way as the rest of the group, even if they disagree with the group's opinion.
What is the term for the tendency of individuals to shift their opinions and behaviors in order to match the opinions and behaviors of the majority?
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Conformity
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Compliance
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Obedience
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Majority influence
D
Correct answer
Explanation
Majority influence is the term for the tendency of individuals to shift their opinions and behaviors in order to match the opinions and behaviors of the majority.
What is the term used to describe the tendency of humans to rely too heavily on AI systems and to reduce their own cognitive effort?
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Automation bias
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Overreliance on AI
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AI complacency
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Human complacency
A
Correct answer
Explanation
Automation bias refers to the tendency of humans to rely too heavily on AI systems and to reduce their own cognitive effort, which can lead to errors and accidents.
Which psychological factor can influence the way humans perceive and interact with AI systems?
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Anthropomorphism
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Social cognition
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Heuristics and biases
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All of the above
D
Correct answer
Explanation
All of the above psychological factors can influence the way humans perceive and interact with AI systems.
Which of the following is NOT a type of cognitive bias that can affect how we interpret information visualizations?
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Confirmation bias
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Framing effect
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Anchoring bias
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Salience bias
D
Correct answer
Explanation
Salience bias is not a type of cognitive bias. The options listed are all examples of cognitive biases that can influence our interpretation of information.
What is the tendency to conform to the opinions or behaviors of others?
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Social cognition
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Obedience
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Conformity
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Groupthink
C
Correct answer
Explanation
Conformity is the tendency to change one's own behavior or beliefs in order to match those of a group or majority.
What is the term for the tendency to obey authority figures without question?
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Authoritarianism
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Obedience
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Conformity
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Groupthink
A
Correct answer
Explanation
Authoritarianism is the tendency to obey authority figures without question, regardless of the morality or legitimacy of their orders.
What is the term for the tendency to conform to the opinions or behaviors of a group?
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Social cognition
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Obedience
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Conformity
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Groupthink
C
Correct answer
Explanation
Conformity is the tendency to change one's own behavior or beliefs in order to match those of a group or majority.
What is the term for the tendency to think and act in a way that is consistent with the norms and values of a group?
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Social cognition
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Obedience
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Conformity
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Groupthink
D
Correct answer
Explanation
Groupthink is the tendency to think and act in a way that is consistent with the norms and values of a group, even if it means suppressing individual dissent or critical thinking.
What is the term for the tendency to attribute one's own successes to internal factors and one's own failures to external factors?
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Self-serving bias
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Confirmation bias
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Hindsight bias
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Illusion of control
A
Correct answer
Explanation
Self-serving bias is the tendency to attribute one's own successes to internal factors (such as ability or effort) and one's own failures to external factors (such as bad luck or unfair circumstances).