Cognitive Reflection Test CRT and Decision-Making 5

Question 1

The 'framing effect' in decision-making refers to what?

Accepted Answer

Choices changing based on how options are worded

Answer

The framing effect occurs when logically equivalent options lead to different choices based on wording.

Question 2

If you overtake the person in second place in a race, what position are you now in?

Accepted Answer

Second

Answer

Overtaking the runner in second place puts you into second place, not first.

Question 3

CRT performance is often studied because it predicts susceptibility to what?

Accepted Answer

Believing fake news and misinformation

Answer

Lower CRT scores are associated with greater susceptibility to misinformation and fake news.

Question 4

A farmer had 15 sheep, and all but 8 died. How many are left?

Accepted Answer

8

Answer

'All but 8 died' means 8 sheep survived.

Question 5

The tendency to judge likelihood by how easily examples come to mind is which bias?

Accepted Answer

Availability heuristic

Answer

The availability heuristic estimates probability by how readily instances come to mind.

Cognitive Reflection Test Practice Test