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

Multiple Choice Questions

1. Consider the following sentence from Chapter 19 where the author describes people who "knew well before it happened that the 2008 financial crisis was inevitable" (385). What objectionable word does the author point out in this sentence?
(a) Crisis.
(b) Inevitable.
(c) Knew.
(d) Before.

2. What happened to bond prices on the day of Saddam Hussein's capture in Iraq?
(a) The drastically dropped.
(b) They initially dropped.
(c) They initially rose.
(d) They stayed the same.

3. Where was Albert Michotte from?
(a) Sweden.
(b) Belgium.
(c) Norway.
(d) France.

4. Who are the authors of Built to Last?
(a) Baruch Fischhoff and Gary Klein.
(b) Jim Collins and Jerry I. Porras.
(c) Christopher Chabris and Daniel Simons.
(d) Keith Stanovich and Richard West.

5. Who is the author of A Random Walk Down Wall Street?
(a) Jim Collins.
(b) Burton Malkiel.
(c) Malcolm Gladwell.
(d) Baruch Fischhoff.

Short Answer Questions

1. In conducting their wheel of fortune study, Kahneman and Tversky set their wheel to only stop on what numbers?

2. What is System 2 in charge of in terms of behavior?

3. The author states that people's predilection for causal thinking exposes them to serious mistakes in evaluating what?

4. What image is presented in the opening of Chapter 1 to demonstrate in the reader thinking in automatic mode?

5. Who first demonstrated the hindsight bias as a student in Jerusalem?

(see the answer key)

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