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
What is the term for the tendency to adjust our beliefs or judgments in light of new information, even if it contradicts our prior beliefs?
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Confirmation bias
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Framing bias
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Cognitive dissonance
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Hindsight bias
C
Correct answer
Explanation
Cognitive dissonance refers to the psychological discomfort experienced when our beliefs or actions are inconsistent, which motivates us to adjust our beliefs or behaviors to reduce this discomfort.
What is the term for the tendency to make judgments based on the way information is presented, even if the underlying data is the same?
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Framing bias
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Confirmation bias
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Availability heuristic
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Representativeness heuristic
A
Correct answer
Explanation
Framing bias refers to the tendency to make different judgments or decisions based on the way information is presented, even if the underlying data is the same.
Which cognitive bias is characterized by the tendency to overestimate the likelihood of rare events?
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Availability heuristic
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Representativeness heuristic
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Illusion of control
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Hindsight bias
C
Correct answer
Explanation
The illusion of control refers to the tendency to overestimate our ability to control events, even when we have little or no actual control over them.
What is the term for the tendency to believe that an event is more likely to occur because it has happened recently?
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Recency bias
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Confirmation bias
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Availability heuristic
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Hindsight bias
A
Correct answer
Explanation
Recency bias refers to the tendency to believe that an event is more likely to occur because it has happened recently, even if there is no causal relationship between the two.
What is the term for the tendency to make judgments based on the similarity of two things, even if they are not necessarily related?
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Representativeness heuristic
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Availability heuristic
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Illusion of control
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Hindsight bias
A
Correct answer
Explanation
The representativeness heuristic refers to the tendency to make judgments based on the similarity of two things, even if they are not necessarily related.
Which cognitive bias is characterized by the tendency to believe that an event is more likely to occur because we have already invested time and effort into it?
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Sunk cost fallacy
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Confirmation bias
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Availability heuristic
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Hindsight bias
A
Correct answer
Explanation
The sunk cost fallacy refers to the tendency to believe that an event is more likely to occur because we have already invested time and effort into it, even if the evidence suggests otherwise.
What is the term for the tendency to believe that an event is more likely to occur because we can easily imagine it happening?
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Availability heuristic
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Representativeness heuristic
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Illusion of control
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Hindsight bias
A
Correct answer
Explanation
The availability heuristic refers to the tendency to believe that an event is more likely to occur because we can easily imagine it happening.
The semantic differential is a type of attitude measurement scale that uses a series of _____ to assess attitudes.
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Adjective pairs
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Likert-type items
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Thurstone scales
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Projective techniques
A
Correct answer
Explanation
The semantic differential uses a series of adjective pairs, such as good-bad, pleasant-unpleasant, and fair-unfair, to assess attitudes.
Contrast is a type of attitude change that occurs when a person's attitude _____ to a new piece of information.
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Changes
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Reverses
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Strengthens
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Weakens
C
Correct answer
Explanation
Contrast is a type of attitude change that occurs when a person's attitude strengthens to a new piece of information.
What is the term used to describe the phenomenon where consumers make impulsive purchases online due to limited time offers or discounts?
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Fear of missing out (FOMO)
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Scarcity effect
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Impulse buying
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Anchoring bias
A
Correct answer
Explanation
Fear of missing out (FOMO) is the term used to describe the phenomenon where consumers make impulsive purchases online due to limited time offers or discounts.
What is the term used to describe the tendency of consumers to rely on reviews and ratings when making online purchases?
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Social proof
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Confirmation bias
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Anchoring bias
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Framing effect
A
Correct answer
Explanation
Social proof is the term used to describe the tendency of consumers to rely on reviews and ratings when making online purchases, as they perceive the opinions of others as a form of validation.
What is the term used to describe the phenomenon where consumers tend to perceive higher-priced items as being of better quality?
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Anchoring bias
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Framing effect
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Price-quality heuristic
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Confirmation bias
C
Correct answer
Explanation
Price-quality heuristic is the term used to describe the phenomenon where consumers tend to perceive higher-priced items as being of better quality.
What is the term used to describe the tendency of consumers to make online purchases based on emotions and feelings rather than rational considerations?
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Emotional shopping
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Impulse buying
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Anchoring bias
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Framing effect
A
Correct answer
Explanation
Emotional shopping is the term used to describe the tendency of consumers to make online purchases based on emotions and feelings rather than rational considerations.
What is the term used to describe the phenomenon where consumers tend to make online purchases based on the recommendations of influencers or celebrities?
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Celebrity endorsement
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Social proof
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Anchoring bias
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Framing effect
A
Correct answer
Explanation
Celebrity endorsement is the term used to describe the phenomenon where consumers tend to make online purchases based on the recommendations of influencers or celebrities.
What is the term used to describe the phenomenon where consumers tend to make online purchases based on the perceived scarcity of a product?
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Scarcity effect
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Anchoring bias
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Framing effect
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Confirmation bias
A
Correct answer
Explanation
Scarcity effect is the term used to describe the phenomenon where consumers tend to make online purchases based on the perceived scarcity of a product.