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1. |
According to the text, decisions often involve: |
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A) |
random influences beyond our control. |
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B) |
an element of risk. |
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C) |
consequences that negate the decisions we make. |
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D) |
subliminal influences from those around us at the time. |
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2. |
The process through which people draw conclusions from the evidence they encounter, often evidence provided by life experiences, is what is meant by: |
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A) |
decision making. |
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B) |
bias. |
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C) |
judgment. |
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D) |
All of the above. |
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3. |
The difference between a heuristic and an algorithm is that a heuristic is: |
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A) |
easy to use and guarantees a correct solution. |
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B) |
difficult to use, yet still does not guarantee a correct solution. |
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C) |
often more difficult to use, but will guarantee a correct solution. |
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D) |
often easier to use, but does not guarantee a correct solution. |
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4. |
The difference between a heuristic and an algorithm is that an algorithm is: |
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A) |
easy to use and guarantees a correct solution. |
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B) |
difficult to use, yet still does not guarantee a correct solution. |
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C) |
often more difficult to use, but will guarantee a correct solution. |
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D) |
often easier to use, but does not guarantee a correct solution. |
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5. |
Most people insist that there are more words beginning with R than there are words with R as the third letter (but the reverse is true by a margin of at least 2-to-1). This judgment error is due to: |
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A) |
the availability heuristic. |
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B) |
English having inconsistent rules for spelling. |
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C) |
the frequency algorithm. |
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D) |
the representativeness heuristic. |
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6. |
The gambler's fallacy is an example of: |
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A) |
the availability heuristic. |
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B) |
English having inconsistent rules for spelling. |
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C) |
the frequency algorithm. |
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D) |
the representativeness heuristic. |
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7. |
Which of the following is an exmaple of an illusion of covariation? |
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A) |
When I flip the light switch one way, the light goes on, then off when I flip the switch the other way. |
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B) |
My favorite sports team always wins when I attend their games in person, and they lose when I do not attend. |
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C) |
Once the cold weather hits the area each year, the leaves on the trees turn color and fall. |
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D) |
When I forget to take out my contact lenses before I go to sleep, I have trouble opening my eyes the next morning. |
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8. |
Your friend believes that a full moon encourages criminal behavior. She points out that every time she noticed a full moon, when she checked the local news the following morning, sure enough some criminal activity had been reported the night before. It seems probable that your friend is exhibiting: |
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A) |
good judgment in noticing the covariation. |
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B) |
a confirmation bias. |
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C) |
a frequency algorithm. |
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D) |
displacement bias. |
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9. |
The main difference between Type-1 Thinking and Type-2 Thinking is that: |
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A) |
Type-1 Thinking is fast and easy to perform. |
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B) |
Type-1 Thinking is slower and more effortful. |
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C) |
Type-2 Thinking is fast and easy to perform. |
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D) |
Type-2 thinking relies on heuristics to a greater degree than Type-1 Thinking. |