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

2. How many fatalities came about as a result of bus bombings in Israel between December 2001 and September 2004?
(a) 366.
(b) 23.
(c) 236.
(d) 135.

3. Amos Tversky, Tom Gilovich, and Robert Vallone conducted a study of misperceptions and randomness in what sport?
(a) Football.
(b) Basketball.
(c) Soccer.
(d) Tennis.

4. The author gives an example in Chapter 10 wherein a large urn is filled with equal numbers of red and white marbles. A person takes four marbles from the urn, counts them, and returns them. The author asserts that the outcome of "two red and two white" marbles is how many times higher than the outcome of four red, or four white marbles?
(a) Nine times more often.
(b) Two times more often.
(c) Three times more often.
(d) Six times more often.

5. Where did Kahneman and Tversky present their Linda study to doctoral students in the decision-science program?
(a) Princeton University School of Business.
(b) Stanford Graduate School of Business.
(c) Harvard University School of Business.
(d) New York University School of Business.

Short Answer Questions

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

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?

3. What organization paid for Thaler to spend a year working with Kahneman in Vancouver?

4. Extreme predictions and willingness to predict events from weak evidence are manifestations of what?

5. What are statistical base rates?

(see the answer key)

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