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

Multiple Choice Questions

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

2. 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?
(a) 8%.
(b) 20%.
(c) 10%.
(d) 16%.

3. With what economist did Kahneman and Thaler work closely in Vancouver?
(a) Jack Knetsch.
(b) John Gottman.
(c) Bruno Frey.
(d) Richard Thaler.

4. The author states in Chapter 26, "In mixed gambles, where both a gain and a loss are possible," what happens (552)?
(a) "Loss aversion causes extremely risk-averse choices."
(b) "Confidence overrides logic."
(c) "Risk seeking behavior causes extremely loss aversive choices."
(d) "Loss aversion causes narrative fallacies."

5. The author describes a phenomenon discovered by Roy Baumeister's team wherein an effort of will is tiring, and if you have to force yourself to do something, you are less able to exert self-control when the next challenge appears. What is this phenomenon named?
(a) The Moses Illusion.
(b) Cognitive Pupillometry.
(c) Ego depletion.
(d) An anchoring effect.

Short Answer Questions

1. 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?

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

3. In one example provided by the author in Chapter 31, he establishes two sports fans going to a game while facing a blizzard. One bought his ticket and the other one got his for free from a friend. The author asserts that the fan who paid is more likely to drive. What provides the explanation for this assertion?

4. Where was John von Neumann originally from?

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

(see the answer key)

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