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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What was the prevailing theory of decision-making called when Tversky and Kahneman began researching it?
(a) Utility theory.
(b) Reward theory.
(c) Loss theory.
(d) Sense theory.

2. In Chapter 8, what was the hospital Donald Redelmeier worked at known for?
(a) Treating bone injuries.
(b) Treating heart attacks.
(c) Treating mental health issues.
(d) Treating victims of car accidents.

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

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

5. What hypothetical problem was a classic example of a framing issue?
(a) The Blue Ocean Rant.
(b) The Kobayashi Maru.
(c) The Fleishman Problem.
(d) The Asian Disease Problem.

Short Answer Questions

1. Which mathematician had published the major theory of decision-making when Tversky and Kahneman started researching it?

2. What subject was Kahneman running experiments on in his Berkeley lab by the time he met Redelmeier?

3. What did Redelmeier struggle with as a child?

4. What did Tversky and Kahneman spend the academic year 1970 - 71 doing?

5. What did the Israeli army mistakenly think was the result of superiors praising pilots?

Short Essay Questions

1. In Chapter 7, what mathematical principle did Kahneman find was responsible for pilots' performance after praise or criticism?

2. In Chapter 10, what was Kenneth Arrow's one big question for Tversky when he lectured on decision-making theory?

3. In Chapter 9, how does Lewis describe Kahneman's and Tversky's relationship?

4. In Chapter 8, how did Tversky's and Kahneman's work influence Donald Redelmeier?

5. In 1973, why did Kahneman and Tversky rush home to Israel from the United States?

6. In Chapter 8, what is one reason Redelmeier suspected Tversky seemed to have so much time to work with him on ideas and papers?

7. In Chapter 9, what was one event that made Kahneman lose faith in his and Tversky's research to change minds at a high level?

8. In Chapter 9, what is one practical change Kahneman suggested to the Israeli army based on the garbage he saw on the side of the road?

9. In Chapter 9, what touched Kahneman about Tversky's advice to him about where to sleep while they were in the area of the fighting in Israel?

10. In Chapter 8, what did Kahneman predict about people's predictions about their own happiness?

(see the answer keys)

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