
Cognitive Biases and Decision-Making Concepts

Interactive Video
•
Business, Life Skills, Professional Development
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common psychological phenomenon that can affect our decision-making?
Sunk cost fallacy
Opportunity cost
Weighted scorecard
Public transportation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the cost of choosing one option over another?
Anchoring
Loss aversion
Sunk cost
Opportunity cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method can help in evaluating options by assigning point values to priorities?
Anchoring
Weighted scorecard
Confirmation bias
Sunk cost analysis
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the tendency to ignore evidence that contradicts our beliefs called?
Anchoring
Loss aversion
Confirmation bias
Sunk cost fallacy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for avoiding questions or ignoring unethical behavior because it benefits us?
Confirmation bias
Motivated blindness
Anchoring
Loss aversion
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main issue with Enron's corporate culture that led to its downfall?
Confirmation bias
Opportunity cost
Motivated blindness
Sunk cost fallacy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for continuing a project due to the time and effort already invested, even if it's not working?
Planning fallacy
Anchoring
Sunk cost fallacy
Loss aversion
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