Practice Cognitive Biases - 12.5.1 | 12. Decision-Making in Organizations | Management 1 (Organizational Behaviour/Finance & Accounting)
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12.5.1 - Cognitive Biases

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define cognitive bias.

💡 Hint: Think about decision-making errors.

Question 2

Easy

What is confirmation bias?

💡 Hint: Consider how we view evidence.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is anchoring bias?

  • Relying on the first piece of information
  • Only using positive information
  • Overestimating abilities

💡 Hint: Think of buying a car and the first price you see.

Question 2

True or False: Confirmation bias helps in making well-rounded decisions.

  • True
  • False

💡 Hint: Think about how we assess evidence.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You are the manager of a team considering a new project. While reviewing past project data, you find initial statistics encouraging. However, the newer data presents a warning. Analyze how you would address the potential for anchoring bias.

💡 Hint: Think about how different viewpoints can mitigate bias.

Question 2

In a meeting, a fellow manager insists on pursuing a flawed marketing strategy based on previous success without considering recent changes in the market. Draft a plan illustrating how you might present counterarguments based on evidence to combat confirmation bias.

💡 Hint: Consider how to use evidence effectively in discussion.

Challenge and get performance evaluation