View a FREE sample

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

Multiple Choice Questions

1. How are decision weights and probabilities regarded in utility theory?
(a) Probabilities are more important.
(b) Weights are more important.
(c) Variations of probability have less effect on decision weights.
(d) The same.

2. The author presents several examples in Chapter 26 that demonstrate that there is no loss aversion in what kinds of interactions?
(a) Large investments in similar firms.
(b) Gambling exchanges.
(c) Routine commercial exchanges.
(d) Non-material interactions.

3. Who introduced the term "affective forecasting"?
(a) John List.
(b) Christopher Hsee.
(c) Daniel Gilbert and Timothy Wilson.
(d) Baruch Fischhoff.

4. What does the author claim newspaper headlines do?
(a) Garnish attention from actual news.
(b) Inform of facts.
(c) Satisfy the need for coherence.
(d) Entertain and enlighten.

5. What comparison does the author make between six-year-old boys and six-year-old girls in Chapter 10?
(a) Their kind behavior.
(b) Their mathematical skills.
(c) Their average vocabulary.
(d) Their skills at geometry.

Short Answer Questions

1. What term introduced by Nassim Taleb describes how flawed stories of the past shape our views of the present and the future?

2. What illusion does the author demonstrate by presenting lines that appear to be different sizes but are in fact the same?

3. Who created a study article called "Becoming Famous Overnight"?

4. How is the decision construction of broad framing defined by the author?

5. What does the author claim the main function of System 1 is in Chapter 6?

(see the answer key)

This section contains 296 words (approx. 1 page at 300 words per page) View a FREE sample