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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 25 - 29.

Multiple Choice Questions

1. In the experiment conducted at the University of Michigan by Richard Nisbett, how many of the 15 participants responded immediately to the stooge's plea for help?
(a) 4.
(b) 9.
(c) 7.
(d) 13.

2. What is the title of the essay that Kahneman and Tversky wrote on the study of gambles?
(a) "The Perception of Causality."
(b) "Introduction to Economics and Psychology."
(c) "Belief in the Law of Small Numbers."
(d) "Prospect Theory: An Analysis of Decision under Risk."

3. To whom is the following quote attributed: "The agent of economic theory is rational, selfish, and his tastes do not change" (525)?
(a) Gary Klein.
(b) John Gottman.
(c) Bruno Frey.
(d) Richard Thaler.

4. The author presents a sentence describing Jane losing her wallet in New York in Chapter 6. What word stood out the most for subjects given a recall test about the sentence?
(a) City.
(b) Lost.
(c) Pickpocket.
(d) Prevalent.

5. Extreme predictions and willingness to predict events from weak evidence are manifestations of what?
(a) System 1.
(b) Confidence.
(c) Arrogance.
(d) System 2.

Short Answer Questions

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

2. Whose experiment demonstrating a noncausal base rate when describing a group of students attending Yale?

3. What does the author describe seeing on a drive from New York to Princeton that surprised him and his wife in Chapter 6?

4. What color are the cabs in the statistics problem presented by the author to examine statistical base rates and causal base rates?

5. Who wrote Judgment in Managerial Decision Making?

(see the answer key)

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