Personal Finance Bias

Which cognitive bias refers to the tendency to seek out information that confirms our existing beliefs?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias occurs when we rely too heavily on the first piece of information we receive?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias refers to the tendency to overestimate the likelihood of events based on their availability in memory?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias describes our tendency to strongly prefer avoiding losses over acquiring gains?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias refers to the fear of missing out on something desirable or valuable?

• Confirmation bias

• Anchoring bias

• Availability bias

• FOMO

Which cognitive bias occurs when we selectively recall information that supports our pre-existing beliefs?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias occurs when we rely too heavily on the first piece of information we receive?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias refers to the tendency to overestimate the likelihood of events based on their availability in memory?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias describes our tendency to strongly prefer avoiding losses over acquiring gains?

• Confirmation bias

• Anchoring bias

• Availability bias

• Loss aversion

Which cognitive bias refers to the fear of missing out on something desirable or valuable?

• Confirmation bias

• Anchoring bias

• Availability bias

• FOMO