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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 19 - 24.

Multiple Choice Questions

1. From what college did Kahneman and Tversky derive their subjects for their wheel of fortune study?
(a) Yale University.
(b) Berkeley University.
(c) The University of Las Vegas.
(d) The University of Oregon.

2. What image is presented in the opening of Chapter 1 to demonstrate in the reader thinking in automatic mode?
(a) An angry woman.
(b) A beach.
(c) A smiling man.
(d) A smiling woman.

3. Based on the law of least effort, the author concludes that what characteristic is built deep into our nature?
(a) Gratitude.
(b) Bitterness.
(c) Heroism.
(d) Laziness.

4. 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) 9.
(b) 4.
(c) 13.
(d) 7.

5. In assessing the stock market, the author asserts that skill in evaluating the business prospects of a firm is not sufficient for stock trading. Traders often lack the skill to answer what crucial question?
(a) Whether the firm has many stockholders or few.
(b) Whether the information about the firm is already incorporated in the price of its stock.
(c) Whether the firm is a new firm or an old firm.
(d) Whether others invested in the stock have faith in its ability to produce.

Short Answer Questions

1. The author describes a study conducted before President Nixon visited China and Russia. When was this?

2. Who is the author of Clinical vs. Statistical Prediction: A Theoretical Analysis and a Review of the Evidence?

3. What is the conclusion of the paper "Trading is Hazardous to Your Health"?

4. The author notes that in the event that this book were made into a film, what role would System 2 play?

5. In what branch of the military did the author complete service?

(see the answer key)

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