Cognitive Bias Survey: Representativeness & Availability Heuristics
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Questions and Answers

You are considering purchasing a new smartphone. The salesperson informs you that Phone A has a longer battery life and a more durable build, while Phone B offers a higher resolution camera and a faster processor. Which smartphone do you choose?

  • Phone A
  • Phone C
  • Phone B (correct)
  • Phone D
  • You are planning a vacation and have to choose between two destinations: Destination A, known for its beautiful beaches and warm climate, and Destination B, known for its rich cultural heritage and historical sites. Which destination do you choose?

  • Destination A (correct)
  • Destination C
  • Destination B
  • Destination D
  • You are selecting a new laptop. Laptop A is described as having longer battery life, while Laptop B is known for its lightweight design and faster processing speed. Which laptop do you choose?

  • Laptop D
  • Laptop A
  • Laptop B (correct)
  • Laptop C
  • You are considering investing in two stocks. Stock A has shown consistent growth over the past few years, while Stock B is from a company with a strong brand reputation but has recently faced some financial challenges. Which stock do you invest in?

    <p>Stock A</p> Signup and view all the answers

    You are choosing a restaurant for a special occasion. Restaurant A has received numerous awards for its culinary excellence, while Restaurant B is known for its unique ambiance and exceptional service. Which restaurant do you choose?

    <p>Restaurant A</p> Signup and view all the answers

    You are considering buying a new car. Car A is known for its top safety ratings and advanced driver-assistance features, while Car B is popular for its sleek design and high-performance engine. Which car do you choose?

    <p>Car A, as safety is the top priority when choosing a car</p> Signup and view all the answers

    You are selecting a new smartphone. Phone A has a larger storage capacity and longer battery life, while Phone B has a better screen resolution and faster processor. Which smartphone do you choose?

    <p>Phone B, as screen resolution and processor speed are more critical for overall smartphone experience</p> Signup and view all the answers

    You are deciding between two job offers. Job A offers a higher salary but requires longer working hours, while Job B offers a moderate salary with regular working hours. Which job do you choose?

    <p>Job A, as higher salary often indicates better career prospects</p> Signup and view all the answers

    You are planning a vacation and have to choose between two destinations: Destination A, known for its adventurous outdoor activities and scenic landscapes, and Destination B, known for its luxurious resorts and relaxing beaches. Which destination do you choose?

    <p>Destination B, as luxurious resorts provide better relaxation and comfort</p> Signup and view all the answers

    You are considering investing in two mutual funds. Fund A has shown consistent growth over the past few years, while Fund B is from a company with a strong brand reputation but has recently faced some financial challenges. Which fund do you invest in?

    <p>Fund B, as strong brand reputation is more important than recent financial challenges</p> Signup and view all the answers

    Study Notes

    Smartphone Choice

    • Phone A has a longer battery life and a more durable build
    • Phone B offers a higher resolution camera and a faster processor

    Vacation Destination

    • Destination A is known for its beautiful beaches and warm climate
    • Destination B is known for its rich cultural heritage and historical sites

    Laptop Selection

    • Laptop A has longer battery life
    • Laptop B is known for its lightweight design and faster processing speed

    Stock Investment

    • Stock A has shown consistent growth over the past few years
    • Stock B is from a company with a strong brand reputation but has recently faced some financial challenges

    Restaurant Choice

    • Restaurant A has received numerous awards for its culinary excellence
    • Restaurant B is known for its unique ambiance and exceptional service

    Car Purchase

    • Car A is known for its top safety ratings and advanced driver-assistance features
    • Car B is popular for its sleek design and high-performance engine

    Smartphone Selection

    • Phone A has a larger storage capacity and longer battery life
    • Phone B has a better screen resolution and faster processor

    Job Selection

    • Job A offers a higher salary but requires longer working hours
    • Job B offers a moderate salary with regular working hours

    Vacation Destination

    • Destination A is known for its adventurous outdoor activities and scenic landscapes
    • Destination B is known for its luxurious resorts and relaxing beaches

    Mutual Fund Investment

    • Fund A has shown consistent growth over the past few years
    • Fund B is from a company with a strong brand reputation but has recently faced some financial challenges

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    Description

    This survey sample consists of 20 multiple-choice questions designed to assess the presence of framing bias using the concepts of Representativeness & Availability Heuristics. Each question presents a case study or scenario for respondents to analyze and choose the most fitting response. The correct answers are provided for each question.

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