View a FREE sample

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

Multiple Choice Questions

1. Who is declared by the author as the hero of the book in Chapter 1?
(a) System 1.
(b) System 2.
(c) The conscience.
(d) The ego.

2. What experimental economist conducted an experiment by auctioning sets of ten high-value cards, and identical sets to which three cards of modest value were added?
(a) Christopher Hsee.
(b) Max Bazerman.
(c) John List.
(d) Gary Klein.

3. What do causal base rates do?
(a) They create axioms.
(b) They create ego depletion.
(c) They solidify one's view of the overall perspective of a case.
(d) They change one's view of how the individual case came to be.

4. What German psychologists offered the most compelling demonstrations of the role of associative coherence in anchoring, according to the author?
(a) Larry Jacoby.
(b) Thomas Mussweiler and Fritz Strack.
(c) William Feller.
(d) Christopher Chabris and Daniel Simons.

5. What is the conclusion of the paper "Trading is Hazardous to Your Health"?
(a) The most active traders earned the highest returns while the least active traders earned low returns.
(b) Both active traders and inactive traders earned similar returns.
(c) The speed of which trading correlates directly with loss aversion.
(d) The most active traders had the poorest results while the least active traders earned the highest returns.

Short Answer Questions

1. In the following example from Chapter 30, the author posits the following in regards to a person choosing a marble from an urn. The red marbles win a prize. "Urn A contains 10 marbles, of which 1 is red. Urn B contains 100 marbles, of which 8 are red" (631). What are the chances of winning in Urn B?

2. Who wrote that "chances of rare events (such as the burst of housing bubbles) receive less impact than they deserve according to their objective probabilities" (639)?

3. The author states in the opening of Chapter 29, "Whenever you form a global evaluation of a complex object--a car you may buy, your son-in-law, or an uncertain situation--you" do what (600)?

4. What happened to bond prices on the day of Saddam Hussein's capture in Iraq?

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

(see the answer key)

This section contains 381 words (approx. 2 pages at 300 words per page) View a FREE sample