Question
1. In order to avoid falling prey to ease of recall bias, a manager must discount the number of successful and unsuccessful actions taken by
1. In order to avoid falling prey to ease of recall bias, a manager must discount the number of successful and unsuccessful actions taken by employees situated closer to the manager, relative to those of employees who are farther away.
____True
____False
2. The fact that heavy advertising of a companys or a products name on billboards and in the media makes that name stick in peoples memory as bearing high quality is an example of what bias?
a. | Retrievability. | |
b. | Ease of recall. | |
c. | The conjunction fallacy. | |
d. | Insensitivity to base rates. |
3.
Which of the following can serve as a cognitive explanation for misconceptions of chance?
a. | People expect probabilities to even out. | |
b. | People remember unusual sequences better than ones that appear more random. | |
c. | People judge probabilities of future events as contingent on past events. | |
d. | All of the statements are correct. |
4.When do people use base-rate data correctly?
a. | When there is no other information available. | |
b. | When this information confirms their initial hypotheses. | |
c. | When they are instructed to do so. | |
d. | All of the statements are correct. |
5.When negotiating for salary with a future employer, it is wise to make an initial offer that is ______, because of the anchoring bias
a. | below the average | |
b. | high | |
c. | low | |
d. | about the average |
6.The anchoring bias affects our value estimates, but not our ability to retrieve information from memory.
____True
____ False
7.Which bias occurs only after the true outcome of an event is known?
a. | None of them. | |
b. | Ease of recall. | |
c. | The hindsight bias. | |
d. | Retrievability. |
8. Experience helps countervail the anchoring bias, such that anchoring effects are rarely observable in expert judgments.
____ True
____ False
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