BIAS

Question 1

Confirmation Bias

Answer 1

Referencing only those perspectives that fuel our pre-existing views

Question 2

IN-GROUP BIAS

Answer 2

Over estimating the abilities and values of our group

Question 3

GAMBLERS FALLACY

Answer 3

mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period it will happen more frequently or get back to normal

Question 4

OBSERVATIONAL SELECTION BIAS

Answer 4

Assuming that because we notice something more the frequency has increased - buying a new car and seeing more similar cars

Question 5

STATUS QUO BIAS

Answer 5

Making choices to keep things the same

Question 6

NEGATIVITY BIAS

Answer 6

Paying more attention to the bad news

Question 7

PROJECTION BIAS

Answer 7

Assuming that most people think like we do

Question 8

CURRENT MOMENT BIAS

Answer 8

Being unable to imagine ourselves in the future

Question 9

ANCHORING EFFECT

Answer 9

Comparing only a limited set or fixating on a specific value

Question 10

AVAILABILITY HEURISTIC

Answer 10

Overestimating likelihood of events based on more prominent memories

Question 11

BASE RATE FALLACY

Answer 11

Ignoring general information for more specific information

Question 12

CONSERVATION BIAS

Answer 12

Tendency to revise one’s belief insufficiently when confronted with new information

Question 13

FOCUSING EFFECT

Answer 13

Tendency to place too much importance on one aspect of an event

Question 14

FRAMING EFFECT

Answer 14

Drawing conclusions based on how the information is framed

Question 15

HINDSIGHT BIAS

Answer 15

Seeing past events as being predictable

Question 16

OMISSION BIAS

Answer 16

Tendency to judge harmful acts as less moral than omissions

Question 17

OUTCOME BIAS

Answer 17

Tendency to judge a decision by the outcome rather than by the quality of the decision at the time

Question 18

SUNK COST BIAS

Answer 18

Tendency to make decisions based on what has been invested, rather than the evidence to make a decision

Adopt counter factual thinking to reduce bias

Question 19

IMPLICIT BIAS

Answer 19

Judgement or behavior that results from subtle cognitive processes

Question 20

EXPLICIT BIAS

Answer 20

Attitudes or beliefs one experiences at a conscious level

Question 21

Spotlight Bias

Answer 21

Thinking the spotlight is on you

Question 22

Spotlight Effect

Answer 22

the phenomenon in which people tend to believe they are being noticed more than they really are.