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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 35 - 38.

Multiple Choice Questions

1. What term refers to an approach to problem solving that employs a practical method not guaranteed to be perfect, but sufficient for the immediate goals?
(a) Executive control.
(b) Causality.
(c) Illusion.
(d) Heuristic.

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) John List.
(b) Max Bazerman.
(c) Gary Klein.
(d) Christopher Hsee.

3. Who was Richard Nisbett's student who assisted in conducting an experiment at the University of Michigan that the author cites in Chapter 15?
(a) Gary Klein.
(b) Christopher Hsee.
(c) John List.
(d) Eugene Borgida.

4. In discussing vacations, the author presents the assertion that resorts offer what?
(a) An anchoring effect.
(b) Executive control.
(c) Theory-induced blindness.
(d) Restorative relaxation.

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

Short Answer Questions

1. Who was the anesthesiologist who intervened regarding physicians' and midwives' clinical judgment to determine whether a baby faced breathing distress?

2. How many of the participants in Nisbett's experiment at the Univerity of Michigan never got out of their booth when the stooge pleaded for help?

3. 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?

4. What illusion is posed by the author in Chapter 6 when he asks about how many animals were brought upon the ark?

5. In utility theory, the utilty of a gain is assessed by comparing what?

(see the answer key)

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