Availability Heuristic Quiz
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Questions and Answers

What cognitive bias causes individuals to base their decisions on readily available information?

  • Sunk Cost Fallacy
  • Hindsight Bias
  • Confirmation Bias
  • Availability Heuristic (correct)
  • Which bias leads individuals to focus on the first piece of information they receive when making a decision?

  • Framing Effect
  • Anchoring and Adjustment (correct)
  • Outcome Bias
  • Overconfidence Bias
  • When individuals underestimate the importance of other relevant information and instead rely on easily recalled examples, they are likely affected by which bias?

  • Confirmation Bias
  • Representativeness Heuristic
  • Availability Heuristic (correct)
  • Recency Bias
  • Which cognitive bias involves individuals making decisions based on past events that seem more predictable after they have already occurred?

    <p>Hindsight Bias</p> Signup and view all the answers

    What is the cognitive bias that causes individuals to overemphasize the importance of information that was presented last or most recently?

    <p>Recency Bias</p> Signup and view all the answers

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