Cognitive Bias Examples

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Questions and Answers

Which of the following scenarios best illustrates the concept of 'loss aversion'?

  • Spending hours researching a new appliance to ensure getting the best deal, regardless of the time invested.
  • Investing in a high-risk stock with the potential for significant gains despite recognizing the possibility of substantial losses.
  • Refusing to sell a stock for \$20 per share after having bought it for \$25, even though objective analysis suggests it's overvalued at \$20. (correct)
  • Choosing a guaranteed \$50 reward over a 50% chance to win \$100, demonstrating a preference for certainty.

A project manager consistently overestimates the time needed for tasks, adding significant padding to each estimate. Which bias is most likely influencing this behavior?

  • Anchoring bias
  • Conservatism bias (correct)
  • Availability heuristic
  • Planning fallacy

An investor reads an article praising a particular company. They then selectively focus on positive news about the company while ignoring any negative reports. Which bias is most evident in this scenario?

  • Confirmation bias (correct)
  • Halo effect
  • Framing effect
  • Bandwagon effect

A marketing team launches a new product advertised as '90% fat-free' instead of 'containing 10% fat.' This is an example of:

<p>Framing effect (B)</p> Signup and view all the answers

During a card game, a player erroneously believes that after a series of unfavorable outcomes their odds of winning are higher in subsequent rounds. Which cognitive bias does this exemplify?

<p>Gambler's fallacy (D)</p> Signup and view all the answers

Flashcards

Term length

Terms should be short and concise

Definition Quality

Statements that accurately describe the term while including all important details. They should also be concise.

Hints

Hints provide a relevant cue or partial information to help the learner remember the term.

Memory Tips

Memory tips create memorable associations or mnemonics to enhance recall.

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Testing effect

A method of learning where information is actively recalled from memory.

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Study Notes

Causatives

  • Causatives describe when a subject causes another subject to perform an action.

Causative Verbs

  • There are 5 causative verbs.

Make

  • Structure: Sub + make + doer/receiver + Vb
  • Example question: Are you going to make your daughter (work) part time in the store?
  • Vb → Eat. V1 → Eat/Eats. V2 → Ate. V3 → Eaten. Ving → Eating. Infinitive = to + Vb

Common Question

  • Rogers didn't make us _ up our lab reports - type
  • I can't seem to make his dishwasher _ - run

Have

  • Structure 1: Sub + have + doer + Vb
  • Structure 2: Sub + have + receiver + V3
    1. Jahid had me (solve) the math - solve

Common Question

  • They had their lawyer _ their wills - change
  • Sanjida had her assignment _ - completed
  • Era had her tooth _ - filled

Let

  • Structure 1: Sub + let + doer + Vb
  • Structure 2: Sub + let + receiver + be + V3
  • Sameer lets me (helping) the poor - help
  • Reshadul lets his dress (wash) - be washed
  • Would you let us (borrowed) your notes - borrow

Common Question

  • Professor Baker lets us _ a paper instead of taking a final exam - write
  • Don't let that _ you - bother
  • When I was learning to drive, my father let me _ his car - use

Get

  • Structure 1:Sub + get + doer + to + Vb
  • Structure 2: Sub + get + receiver + V3
  • Riyad got his teacher (solve) the problem - to solve
  • Muntasir got the math (solve) - solved
  • I want to get the house (paint) before winter - painted

Common Questions

  • Let's get some of our money _ for dinner - exchanged
  • We will have to get someone _ the phone right away - to fix

Help

  • Structure: Sub + help + doer/receiver + Vb/ to + Vb
  • Farhan helps me (drived) the car - drive/ to drive
  • Her husband always helps her (did) the laundry - do/ to do
  • Don't you help each other (studied) for tests - Study | to study

Common Questions

  • Bob said that he would help us _ the place - find, to find
  • My teacher helped me _ this job - get, to get

Tense

  • Tense refers to the timing of an action or event.
  • Tense is divided into 12 parts.

Present Indefinite Tense

  • Structure: Sub + V1 + ext
  • Subs that are 3rd person singular get an s/es ending added to V1
  • It is used to describe something that is generally true.
  • Habitual and scientific facts also use present indefinite.
  • Example: Everyday I get up early in the morning
  • Common indicators: Always, often, sometimes, generally, regularly, occasionally, usually, frequently, normally, every time, every day, each day, every week, every morning/noon/night, once or twice a week, on Monday, twice, in Summer etc.
  • Indefinite Tense is also known as Simple Tense

Common Questions

  • I along with my friends _ going to the playground now - am
  • Tanya _ German very well - speaks
  • The Olympic Games _ place every four years - takes
  • The earth _ round the sun - goes
  • Hasib _ tenis once or twice a week - usully plays
  • _ the problem now - understand
  • _ to work by car but sometimes I walk - usually go

Past Indefinite Tense

  • Structure: Sub + V2 + ext
  • Example: We played football yesterday.
  • Common indicators: Yesterday, ago, for a while, last+time (night, year, week, month), it is time, it is high time, wish, long since, once etc.

Common Questions

  • Nobody knew that he _ face a crisis - would
  • He _ go to the office yesterday - did not
  • How old was Bandaranaike when she _ Prime minister? - became
  • I _ to his house yesterday but could not meet him - went
  • He was only 35 years old when he _ - died

Future Indefinite Tense

  • Structure: Sub + shall/will + Vb + ext
  • Shall with I/we - Will with all Noun & Pronoun
  • Example: Fandin will go to London next year
  • Common indicators: Tomorrow, next, next+time (day, week, year, month), the following+time
  • Principal clause = future gnd - Sub ondimate Clause = Present Ind
  • Example: I will call you when she comes

Present Continuous Tense

  • Structure: Sub + am/is/ane + Ving + ext
  • General Indicators: am teaching my students & He is studing propenly
  • Indicators changeable situation: The population of Bangladesh is increasing & The world temperature is increasing day by day Indicators near future: He is going to sit for admission test and used in two clauses like Do not call me while I m studying

Present Continuous Tense Markers

  • General Structure : Now, right now, at present, at this moment, at this very moment, at this time, day by day, day aften day

Verb Sense with Present Continuous Tense

  • Do not use present continuous tense with word of verb sense like: See, taste, fell love , look e.t.c

Common Questions

  • The baby _ because it is hungry - is crying
  • The population of the world _ very fast - is increasing
  • Please, don't make so much noise. I _ to work - am trying
  • Do not disturb me. I _ my homework - am doing

Past Continuous Tense

  • Structure: Sub + was/were + Ving + ext
  • Used in an incident that occurred in the past.
  • Example: Ma Amarre Dekechilou TV Dekchillam

Future Continuous Tense

  • Structure: Sub + shall be / will be + ring & ext
  • Used with: Future Specific Time
  • Example: I will be watching TV tomorrow night

Present Perfect Tense

  • Structure: has / have + V3 + ext
  • Completed Action result still present
  • General Use with it and this is the time and Superlative
  • Has is used with singular and have plural

Present Perfect Tense key Indicators

  • Just , Already , Until, Lately , ** Recently** . So For , Never , Ever, For, Since for since etc

Common Questions

  • Mr. Rahman is my colleague. I-him for over 10 years - Have known
  • Tuba Has lost his passport. This is the 2nd time - _ has happened_
  • Police --- two men in connection with the robbery - Have Arrested
  • Its good to see you again. We haven't _ each other for a long time - Seen

Past Perfect Tense

  • Structure: Sub + had + V3 + ext; used when two action occur in the past
  • Past Indefinite + after + Past perfect
  • The student had entered the class after teacher come
  • No soone : Sooner hardly had + Aux verb + Subject + Than
  • It and this was the first time

Past Perfect Tense Key Indicators

  • By the time and perfect + Aux verb + Subject and Past From

Common Questions

  • She his told his name after _ Has Head -
  • No - reached the stations the trainer left _ had I last it had Started raigning-
  • Hardly - entered the office when he realized that he hat - Had he-

Future Perfect Tense

  • Used for activities will happen in the future
  • By 2030 - I will have a Bcs Officer Cadence
  • Indications- S Sub + have will + Subject + Verb from and Extr and Before present Tense and
  • Present Tense and after Subject + have + verb from and Extra *

Common Questions

  • 1 : will we are late and the Film By That time to get the cinemas - -will are Have Started
  • by the middle of twenty first centuries the computer - have been a necessity
  • by 2030 for that From in 15 year I have worked
  • by that time and that months the Goverment- _Will Have Resigned-*

Present Perfect Continuous Tense: Indicates the timeline of events

  • Use since With live .Learn Slepp Sand stay wait
  • Subject + have ben + Verb-ing + object + and Time*
  • Present Perfect Key indications: * *
  • Since : Used after an Timeline

Past perfect Continuous Tense Indicate an actions that's happened in over long time ago.

  • Subject + been = Verb+ing + objects + To

Common Question

  • How long have you English - Being Learned
  • Linda is a teacher and For a very long time and Has Being Teaching
  • She is all day and * Has Been Waiting

Sequence of Tense

  • Principal Clause is related on Subordinate Clause with 9 different Form
  • This form present into Present / perfect Continue
  • Past Tense / and Continuous / and Perfect form
  • Future and the Form will from present from*

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