MCAT Psychological Social Foundations Flashcards: 6b Problem Solving Decision Biases

Study 6b Problem Solving Decision Biases in MCAT Psychological Social Foundations with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

Identify the bias: a person revises an estimate toward an initial number they first saw.

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ANSWER

Anchoring bias. Initial values bias subsequent adjustments.

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What this deck covers

This deck focuses on 6b Problem Solving Decision Biases, giving you a quick way to review the definitions, rules, and examples that matter most for MCAT Psychological Social Foundations.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 30Practice questions for this set

A startup's product team must decide whether to continue investing in a feature that has not improved user retention. They have already spent $250,000 and 6 months of development time. A new analysis projects that, even if completed, the feature is unlikely to increase retention beyond 1%, while an alternative project could plausibly yield a 5% increase with similar future costs. During discussion, several team members argue, "We've put too much into this to stop now," and recommend continuing primarily because of the prior investment. Which decision is most likely given the influence of the sunk cost fallacy?

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