Have a Question ?

Home / Answered Questions / WPC 300 / wpc-300-quiz-11-bias-q-368

(Solved): WPC 300 : Quiz 11: Bias...


Quiz 11: Bias

Started: Nov 19

Quiz Instructions

 

 

Flag this Question

Question 1     1 pts

Over-reliant on the first piece of information is called ____________

Group of answer choices

  • Bandwagon effect
  • Zero risk bias
  • Clustering illusion
  • Anchoring bias

 Flag this Question

Question 2          1 pts

Gamblers' fallacy is ____________.

Group of answer choices

  • a clustering illusion
  • an endowment effect bias
  • framing effect bias
  • a zero-risk bias

 Flag this Question

Question 3          1 pts

When you keep eating the food you don't like precisely because you already bought the food, you are committing _____________.

Group of answer choices

  • sunk-cost fallacy
  • availability heuristics bias
  • endowment effect bias
  • zero risk bias

 Flag this Question

Question 4        1 pts

Which of the following statements is true?

Group of answer choices

  • Experimentation is a way of analytical thinking
  • Using intuition is a way of analytical thinking
  • Analytical thinking is not based on facts
  • Heuristic thinking is slow

 Flag this Question

Question 5        1 pts

Which of the following biases cannot be categorized as a cognitive bias?

Group of answer choices

  • Groupthink
  • Anchoring Bias
  • Sunk cost fallacy
  • None of the answer selections are correct

 Flag this Question

Question 6       1 pts

A person who is convinced he is gaining admission to Harvard by merely applying is suffering from:

Group of answer choices

  • Gambler’s fallacy
  • Overconfidence
  • Zero-risk bias
  • None of the answer selections are correct

 Flag this Question

Question 7       1 pts

When you buy a new car, you value it more than the price you paid because of:

Group of answer choices

  • Zero-risk bias
  • Endowment effect bias
  • Sunk cost fallacy
  • None of the answer selections are correct

 Flag this Question

Question 8       1 pts

Which of the following is not a drawback of analytical decision making?

Group of answer choices

  • Delayed action
  • Lack of flexibility
  • Frustration in teams
  • None of the answer selections are correct

 Flag this Question

Question 9      1 pts

You bought a top of the line laptop because your friends were so enthusiastic about theirs. Which kind of bias is in action here?

Group of answer choices

  • Bandwagon effect
  • Zero-risk bias
  • Overconfidence
  • Endowment effect

 Flag this Question

Question 10      1 pts

What kinds of bias could show up when collecting data?

Group of answer choices

  • Framing effect
  • Sampling bias
  • Self-selection bias
  • All of the answer selections are correct

 

 



We have an Answer from Expert View Expert Answer

Expert Answer


We have an Answer from Expert
Buy This Answer $15

-- OR --

Subscribe To View Unlimited Answers
Subscribe $12 / Month