Question 1

A heuristic is ______.

(A) A problem-solving technique (B) A completely unconscious mental process (C) A systematic error in reasoning (D) Just another word for a bias

Question 2

The availability bias tends to occur when people: (A) Have to assess the frequency of a class (B) Are overconfident (C) Have an unshakable sense of the validity of their beliefs (D) Have constructed a coherent narrative

Question 3

Biases are ______.

(A) Always aimed at maintaining the status quo.

(B) Useful rules of thumb for problem-solving (C)Systematic errors in reasoning that result from heuristic processes (D) Just another word for false beliefs

Question 4

Match the biases with their causes or the reasons why they occur.

3 Options: Overconfidence, Availablity, Anchoring

(i) Hindsign Bias? _____

(ii) Dramatic example? _____

(iii) Insufficient adjustment? _____

(iv) Narrative fallacies? _____

Question 5

Anchoring can occur in two ways. First, when one is making deliberate adjustments to estimates. Second, when an irrelevant figure acts as a form of suggestion.

TRUE / FALSE?

Question 6

Confidence is a reliable sign that someone has all the facts and is ready to execute a plan.

TRUE / FALSE?

Question 7

Match the bias with the most relevant description.

Options: Hindsight Bias, Availability Bias, Anchoring Bias, Overconfidence

(i) People struggling to recall the content of their old beliefs is typical of this bias? _____

(ii) This bias can be generated by personal experiences? _____

(iii) This bias can be fostered by an unshakable sense of the validity of our beliefs? _____

(iv) This bias can be generated by suggestion? _____

Question 8

The 1/N heuristic is an example of a heuristic that is consciously applied.

TRUE / FALSE

Question 9

Match each item with the most accurate description of that item.

Options: Bias OR Heuristic

(i) Systematic error in reasoning? _____

(ii) Can be used consciously or unconsciously? _____

(iii) Irrational by definition? _____

(iv) Problem-solving technique? _____