The Five Biases That Actually Shape Your Decisions — Quiz

Confirmation bias, as reviewed by Nickerson (1998), refers to:

The availability heuristic leads people to:

In Kruger and Dunning's 1999 research, what did participants in the bottom quartile of test performance tend to do?

According to the sunk cost research by Arkes and Blumer (1985), the economically rational approach to sunk costs in decision-making is to:

Tversky and Kahneman's 1974 landmark paper 'Judgment Under Uncertainty' was published in which journal?

Which of the following best describes why highly competent people tend to underestimate their own ability in the Dunning-Kruger framework?

Explain the anchoring effect using a concrete example from everyday life, and describe one strategy that may reduce its influence.

Describe what the Dunning-Kruger effect actually found in the original 1999 paper, and explain one important way the popular version of the effect is often oversimplified.