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

Multiple Choice Questions

1. What are statistical base rates?
(a) Facts about the history of a decision.
(b) Observations about a group of people.
(c) Facts about a population to which a case belongs.
(d) Statistics that describe maximum imput.

2. 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?
(a) Harry Markowitz.
(b) John Gottman.
(c) Richard Thaler.
(d) Bruno Frey.

3. Who wrote Judgment in Managerial Decision Making?
(a) Christopher Hsee.
(b) Gary Klein.
(c) Max Bazerman.
(d) John List.

4. What comparison does the author make between six-year-old boys and six-year-old girls in Chapter 10?
(a) Their mathematical skills.
(b) Their skills at geometry.
(c) Their average vocabulary.
(d) Their kind behavior.

5. The author states in Chapter 25, "Gambles represent the fact that the consequences of choices are" what (526)?
(a) "Axioms."
(b) "Predictable."
(c) "Never certain."
(d) "Foreseeable."

Short Answer Questions

1. What label is given to the documented research showing a massive preference for selling winners rather than losers?

2. What well-known expert in marital relations estimated that a stable relationship requires good interactions outnumber bad interactions by at least 5 to 1?

3. What is the title of the essay that Kahneman and Tversky wrote on the study of gambles?

4. The author notes in Chapter 30 that what "is similar to the psychology of terrorism" (619)?

5. What example is presented in the opening of Chapter 1 to demonstrate slow thinking?

(see the answer key)

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