Quiz · Cognitive Biases and Everyday Decisions

Question 1What is the speaker mainly trying to explain in this talk?

Why human decisions are always careful and rational How mental shortcuts distort judgement and how to defend against them Why shops should never show expensive items first How losing money feels exactly the same as winning it

Question 2How do shops exploit the anchoring effect, according to the talk?

By hiding all prices until the customer decides to pay By showing the cheapest item before any pricey ones By offering money back when customers feel a loss By showing an expensive item just before a merely pricey one

Question 3What is the best known defence against cognitive biases?

Deliberately slowing down our thinking and inviting opposing views Simply learning the names of the most common biases Trusting our first impressions in every situation Making decisions quickly to save mental energy