WPC300 - Quiz 11: Bias Questions with
complete solution 2025
Over-reliant on the first piece of information is called ____________ - correct
answer ✔Anchoring bias
Gamblers' fallacy is ____________. - correct answer ✔a clustering illusion
When you keep eating the food you don't like precisely because you already
bought the food, you are committing _____________. - correct answer
✔sunk-cost fallacy
Which of the following statements is true? - correct answer
✔Experimentation is a way of analytical thinking
Which of the following biases cannot be categorized as a cognitive bias? -
correct answer ✔None of the answer selections are correct
A person who is convinced he is gaining admission to Harvard by merely
applying is suffering from: - correct answer ✔Overconfidence
When you buy a new car, you value it more than the price you paid because
of: - correct answer ✔Endowment effect bias
Which of the following is not a drawback of analytical decision making? -
correct answer ✔None of the answer selections are correct
complete solution 2025
Over-reliant on the first piece of information is called ____________ - correct
answer ✔Anchoring bias
Gamblers' fallacy is ____________. - correct answer ✔a clustering illusion
When you keep eating the food you don't like precisely because you already
bought the food, you are committing _____________. - correct answer
✔sunk-cost fallacy
Which of the following statements is true? - correct answer
✔Experimentation is a way of analytical thinking
Which of the following biases cannot be categorized as a cognitive bias? -
correct answer ✔None of the answer selections are correct
A person who is convinced he is gaining admission to Harvard by merely
applying is suffering from: - correct answer ✔Overconfidence
When you buy a new car, you value it more than the price you paid because
of: - correct answer ✔Endowment effect bias
Which of the following is not a drawback of analytical decision making? -
correct answer ✔None of the answer selections are correct
