Decision Making
Description: This quiz covers various aspects of decision making, including theories, biases, and strategies. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: decision making psychology mathematical psychology |
Which theory suggests that individuals make decisions based on the expected value of each option?
What is the term for the tendency to favor immediate rewards over long-term rewards?
Which cognitive bias leads individuals to rely heavily on the first piece of information they receive when making a decision?
What is the term for the tendency to make decisions based on easily accessible information, even if it is not necessarily relevant or accurate?
Which theory suggests that individuals make decisions based on the potential regret they may experience if they choose the wrong option?
What is the term for the tendency to seek out information that confirms our existing beliefs and ignore information that contradicts them?
Which cognitive bias leads individuals to make different decisions depending on how the options are presented, even if the underlying outcomes are the same?
What is the term for the tendency to make decisions based on limited information and cognitive resources, rather than attempting to gather all possible information?
Which theory suggests that individuals make decisions based on a combination of rational and emotional factors?
What is the term for the tendency to overestimate the likelihood of rare events and underestimate the likelihood of common events?
Which cognitive bias leads individuals to make decisions based on the sunk costs they have already invested, even if it is no longer rational to continue investing?
What is the term for the tendency to make decisions based on the opinions and actions of others, rather than on one's own independent judgment?
Which cognitive bias leads individuals to make decisions based on the first piece of information they receive, even if it is later contradicted by new information?
What is the term for the tendency to make decisions based on emotions and gut feelings, rather than on rational analysis and logic?
Which cognitive bias leads individuals to make decisions based on the most extreme or salient information, even if it is not necessarily representative of the overall situation?