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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Which of the following was one of Tversky's and Kahneman's heuristics for judgement?
(a) The Halo Effect.
(b) Hunger.
(c) Availability.
(d) Hindsight.

2. Which of the following did Tversky and Kahneman find that people overwhelmingly chose in gambling simulations?
(a) A loss for a friend over a loss for oneself.
(b) A large amount of money over a small amount of money.
(c) A sure smaller gain over a possible larger gain.
(d) A sure loss over a sure gain.

3. What one question did Kenneth Arrow ask Tversky after his lecture in Chapter 10?
(a) What can we apply from this lecture to the field of economics?
(b) What is a gain?
(c) What is a loss?
(d) What is the difference between regret and envy?

4. What book did Richard Thaler's father ask him to copy lines from when he was a child?
(a) The Chariots of Fire.
(b) A Tale of Two Cities.
(c) The Adventures of Tom Sawyer.
(d) The Jungle.

5. In Chapter 9, why was Tversky worried about where Kahneman was sleeping?
(a) He thought it was too near a tank and Kahneman night be crushed.
(b) He thought Kahneman might contract pneumonia.
(c) He thought Kahneman might get hit by a sniper's bullet.
(d) He thought Kahneman would be a target for abuse from other soldiers.

6. Who was the engineer for the World Trade Center project?
(a) Rachel Adams.
(b) Les Robertson.
(c) Marcus Samuelson.
(d) Thomas Colhard.

7. What was the title of Tversky's and Kahneman's first paper to describe how people formed judgments?
(a) Heuristics: A Primer.
(b) Subjective Probability: A Judgment of Representativeness.
(c) The March of Time in Eugene.
(d) Who Will Choose the Pickle?

8. What did people treat all remote probabilities as, according to Tversky's and Kahneman's findings?
(a) Dreams.
(b) Homework.
(c) Possibilities.
(d) Impossibilities.

9. In Chapter 7, how did Tversky and Kahneman classify the relationship between prediction and judgment?
(a) A judgment is more important than a prediction.
(b) A prediction is a judgment that involves uncertainty.
(c) A prediction always comes after a judgment.
(d) Uncertainty is a necessary precursor for both prediction and judgment.

10. Where was Richard Thaler an assistant professor in 1975?
(a) Harvard University.
(b) University of Chicago.
(c) Stanford University.
(d) University of Rochester.

11. Kahneman felt that it was the anticipation of which of the following that affected many people's decisions?
(a) Contentment.
(b) Anger.
(c) Embarrassment.
(d) Regret.

12. What did Tversky and Kahneman spend the academic year 1970 - 71 doing?
(a) Researching questionnaire methods.
(b) Gathering grant money.
(c) Writing separate books.
(d) Collecting data.

13. What did the Israeli army mistakenly think was the result of superiors praising pilots?
(a) There was no effect from the praise on the pilots' next flights.
(b) The pilots performed better on their next flights due to the praise.
(c) The pilots performed worse on their next flights because of the praise.
(d) The superiors felt worse after praising the pilots.

14. What feeling was regret closely linked to, according to Tversky's and Kahneman's research in Chapter 9?
(a) Disliking one's spouse.
(b) Feeling anger towards a parent.
(c) Coming close to some goal or desire but not achieving it.
(d) Hurting someone else's feelings.

15. Which mathematician had published the major theory of decision-making when Tversky and Kahneman started researching it?
(a) Leonardo DaVinci.
(b) Harold Bayes.
(c) Daniel Bernoulli.
(d) Jonathan Keynes.

Short Answer Questions

1. Where did Tversky travel to as the cease-fire took hold?

2. What did Tversky and Kahneman do in the war in 1973?

3. Why were governments reluctant to seeding hurricanes?

4. Where did Tversky and Kahneman first go during the war in 1973 in the field?

5. Where was Redelmeier accepted as a resident in 1985?

(see the answer keys)

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