Match the description of a bias with its name Making a decision based on a recen
ID: 3497192 • Letter: M
Question
Match the description of a bias with its name
Making a decision based on a recent experience
E.g, choosing a defensive head coach because your last (bum of a) head coach was offensive
Relying on information that support what you already believe to be correct to make a decision.
E.g., Deciding that your team stinks based on a poor plays by a few players and ignoring the strong play by many others.
Making a decision informed disproportionately by one specific piece of information.
E.g., Choosing who to vote for president based on a single issue without considering each candidates positions on a variety of other important issues.
Making a decision based on assumptions about the people involved or situation based on generalities.
E.g., Choosing to buy a car salesman because he is taller than the others.
Believing that you knew the outcome of a situation before it happened.
E.g., Saying to your co-worker that you always knew that FitBits were going to be a hit.
Confirmation bias
Representative bias
Anchoring bias
Hindsight bias
Availability bias
- A. B. C. D. E.Making a decision based on a recent experience
E.g, choosing a defensive head coach because your last (bum of a) head coach was offensive
Relying on information that support what you already believe to be correct to make a decision.
E.g., Deciding that your team stinks based on a poor plays by a few players and ignoring the strong play by many others.
Making a decision informed disproportionately by one specific piece of information.
E.g., Choosing who to vote for president based on a single issue without considering each candidates positions on a variety of other important issues.
Making a decision based on assumptions about the people involved or situation based on generalities.
E.g., Choosing to buy a car salesman because he is taller than the others.
Believing that you knew the outcome of a situation before it happened.
E.g., Saying to your co-worker that you always knew that FitBits were going to be a hit.
Confirmation bias
B.Representative bias
C.Anchoring bias
D.Hindsight bias
E.Availability bias
Explanation / Answer
1. Making decisions based on recent experience is availibility bias
As the recent experience cone to ones mind immediately
2. Relying on information that supports what tou already believe to be correct to make a decision is confirmation bias as the beliefs held before are used
3. Making abdecision informed disproportionately by one specific piece of information is anchoring bias
as the specific information acts as an anchor
4. Making a decision based on assumptions about the people involved or situation based on generalities is called Representative bias
As the decision is made based on an uncertain aspect
5. Believing that you knew the outcome of a situation before it happened is Hindsight bias
As the person believes he knows the outcomes without even any strong base for it
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