Unit 3 TEST REVIEW

Unit 3 TEST REVIEW

10th Grade

57 Qs

quiz-placeholder

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Unit 3 TEST REVIEW

Unit 3 TEST REVIEW

Assessment

Quiz

Other

10th Grade

Practice Problem

Medium

Created by

Erika Jones

Used 3+ times

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57 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the cognitive bias where people prefer to avoid losses rather than acquiring equivalent gains?

Endowment effect

Loss aversion

Sunk cost fallacy

Overconfidence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which cognitive bias involves continuing an endeavor once an investment in money, effort, or time has been made?

Herd mentality

FOMO

Sunk cost fallacy

Confirmation bias

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the bias where people value things more highly simply because they own them?

Endowment effect

Overconfidence

Loss aversion

Herd mentality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which bias describes the fear of missing out on something others are experiencing?

Confirmation bias

FOMO

Sunk cost fallacy

Endowment effect

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the cognitive bias where people tend to conform to the actions or beliefs of a larger group?

Herd mentality

Overconfidence

Loss aversion

Endowment effect

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which bias involves favoring information that confirms one's preexisting beliefs or hypotheses?

Overconfidence

Confirmation bias

FOMO

Sunk cost fallacy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the bias where people have excessive confidence in their own answers or abilities?

Loss aversion

Endowment effect

Overconfidence

Herd mentality

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