WGU D265 UPDATED ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS
COMPLETE STUDY GUIDE
◉ How to Identify Sources of bias
Answer: Incomplete information
intentional deception
influence from past personal experience
intentional persuasion to strengthen a position
◉ common types of cognitive biases
Answer: - Bandwagon
- Anchoring
- The Dunning-Kruger Effect
- The Sunk Cost Fallacy Bias
- Optimism and Pessimism Bias
- The Framing Effect Bias
- Confirmation Bias
- Reactance
- Self-Serving Bias
, - Hindsight Bias
[https://www.tikvahlake.com/blog/x-common-biases-that-affect-
how-we-make-everyday-decisions/]
◉ Bandwagon effect
Answer: Believing or even performing an action based on the fact
that the people around you are also doing or believing the same
thing.
◉ Anchoring
Answer: Focusing a little too much on the first bit of information you
are given when making a decision.
◉ Dunning-Kruger Effect
Answer: Involves the overestimation and underestimation of one's
abilities.
◉ sunk cost fallacy (bias)
Answer: Involves the refusal to abandon a thought or investment
that is not rewarding or possibly even damaging simply because we
have invested a lot of time, thought, energy, effort, or even money
into it.
◉ Optimism and Pessimism Bias
QUESTIONS AND CORRECT ANSWERS
COMPLETE STUDY GUIDE
◉ How to Identify Sources of bias
Answer: Incomplete information
intentional deception
influence from past personal experience
intentional persuasion to strengthen a position
◉ common types of cognitive biases
Answer: - Bandwagon
- Anchoring
- The Dunning-Kruger Effect
- The Sunk Cost Fallacy Bias
- Optimism and Pessimism Bias
- The Framing Effect Bias
- Confirmation Bias
- Reactance
- Self-Serving Bias
, - Hindsight Bias
[https://www.tikvahlake.com/blog/x-common-biases-that-affect-
how-we-make-everyday-decisions/]
◉ Bandwagon effect
Answer: Believing or even performing an action based on the fact
that the people around you are also doing or believing the same
thing.
◉ Anchoring
Answer: Focusing a little too much on the first bit of information you
are given when making a decision.
◉ Dunning-Kruger Effect
Answer: Involves the overestimation and underestimation of one's
abilities.
◉ sunk cost fallacy (bias)
Answer: Involves the refusal to abandon a thought or investment
that is not rewarding or possibly even damaging simply because we
have invested a lot of time, thought, energy, effort, or even money
into it.
◉ Optimism and Pessimism Bias
