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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 30 - 34.

Multiple Choice Questions

1. The author presents several examples in Chapter 26 that demonstrate that there is no loss aversion in what kinds of interactions?
(a) Gambling exchanges.
(b) Non-material interactions.
(c) Large investments in similar firms.
(d) Routine commercial exchanges.

2. How many bus bombings occurred in Israel between December 2001 and September 2004?
(a) 12.
(b) 23.
(c) 16.
(d) 9.

3. How are decision weights and probabilities regarded in utility theory?
(a) Probabilities are more important.
(b) The same.
(c) Weights are more important.
(d) Variations of probability have less effect on decision weights.

4. What do scientists call observations that are produced entirely by some aspect of the method of research?
(a) Heuristics.
(b) Axioms.
(c) Artifacts.
(d) Mediums.

5. In the first description of the fictional Linda, Kahneman and Tversky said that she was how old?
(a) 26.
(b) 19.
(c) 35.
(d) 31.

Short Answer Questions

1. How are decision weights and probabilities regarded in prospect theory?

2. Who is the intellectual leader of an association of scholars against the author's works who call themselves NDM's?

3. Where did Kahneman and Tversky present their Linda study to doctoral students in the decision-science program?

4. Who was the Nobel Prize-winning economist that proposed a theory where utility are attached to changes of wealth rather than to states of wealth?

5. The author states that people's predilection for causal thinking exposes them to serious mistakes in evaluating what?

(see the answer key)

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