Illusion of Validity Quiz
This quiz explores your susceptibility to the illusion of validity, a cognitive bias where confidence in judgments is overestimated due to perceived reliability.
Question 1 of 7Version: 1.0
You are at the horse races, relying on limited data from previous races to predict the next winner. How do you proceed?
Place a high bet on the horse with the best track record, confident of your choice.
Choose a horse based on a mix of data and intuition.
Consider the data but recognize the unpredictability and place a small bet.
Refrain from betting since the data might not be sufficient.