The Psychology of Risk and Uncertainty
Description: This quiz covers the psychology of risk and uncertainty, focusing on how individuals perceive and respond to risky situations. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: economics economic psychology risk perception uncertainty |
Which of the following is NOT a common heuristic used by individuals to make decisions under uncertainty?
According to Prospect Theory, individuals are more sensitive to:
The framing effect refers to the phenomenon that:
Which cognitive bias leads individuals to overestimate the likelihood of rare events?
The illusion of control refers to the tendency of individuals to:
Which of the following is NOT a factor that influences risk perception?
According to the dual-process theory of risk perception, individuals use:
The concept of risk aversion refers to:
Which of the following is NOT a strategy for managing risk?
The concept of uncertainty aversion refers to:
Which of the following is NOT a factor that influences uncertainty perception?
The concept of ambiguity aversion refers to:
Which of the following is NOT a strategy for coping with uncertainty?
The concept of risk homeostasis refers to:
Which of the following is NOT a factor that influences risk-taking behavior?