View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What term does the author apply to the idea that once you have accepted a theory and used it as a tool in your thinking, it is extremely difficult to notice its flaws?
(a) Theory-induced blindness.
(b) An anchoring effect.
(c) Narrative fallacy.
(d) The availability cascade.

2. What psychologist conduted an experiment wherein he recruited fans of professional basketball and elicited judgments concerning the winner of the NBA playoffs?
(a) Craig Fox.
(b) Nassim Taleb.
(c) Larry Jacoby.
(d) Shane Frederick.

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

4. Who wrote the 2005 book Expert Political Judgment: How Good Is It? How Can We Know?
(a) Jim Collins and Jerry I. Porras.
(b) Malcolm Gladwell.
(c) Philip Tetlock.
(d) Baruch Fischhoff.

5. Who designed the study along with Kahneman that involves two patients undergoing a painful colonoscopy?
(a) Christopher Hsee.
(b) Don Redemeier.
(c) John List.
(d) Baruch Fischhoff.

6. When did the CIA obtain information that al-Qaeda might be planning a major attack against the United States?
(a) January 2, 2000.
(b) September 9, 2001.
(c) July 10, 2001.
(d) March 12, 2001.

7. What creates an asymmetry that makes agreements difficult to reach?
(a) Endowment effect.
(b) Theory-induced blindness.
(c) Loss aversion.
(d) Narrative fallacy.

8. Consider the following sentence from Chapter 19 where the author describes people who "knew well before it happened that the 2008 financial crisis was inevitable" (385). What objectionable word does the author point out in this sentence?
(a) Crisis.
(b) Before.
(c) Inevitable.
(d) Knew.

9. What aspect of the mind answers the question: "How was it, on the whole" (734)?
(a) The experiencing self.
(b) The anchoring self.
(c) The loss-aversive self.
(d) The remembering self.

10. Who is the author of Introduction to the Principles of Morals and Legislation?
(a) Shane Frederick.
(b) Jeremy Bentham.
(c) John List.
(d) Baruch Fischhoff.

11. In what branch of the military did the author complete service?
(a) British Navy.
(b) U.S. Marines.
(c) Israeli Army.
(d) French Navy.

12. 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?
(a) John Gottman.
(b) Richard Thaler.
(c) Bruno Frey.
(d) Harry Markowitz.

13. The author states in Chapter 25, "Gambles represent the fact that the consequences of choices are" what (526)?
(a) "Foreseeable."
(b) "Axioms."
(c) "Never certain."
(d) "Predictable."

14. What aspect of the mind answers the question: "Does it hurt now" (734)?
(a) The experiencing self.
(b) The loss-aversive self.
(c) The anchoring self.
(d) The remembering self.

15. Who is the finance professor at U.C. Berkeley who created a study wherein he examined the trading records of 10,000 brokerage accounts of individual investors over a seven-year period?
(a) Jim Collins.
(b) Terry Odean.
(c) Baruch Fischhoff.
(d) Malcolm Gladwell.

Short Answer Questions

1. How is the decision contruction of narrow framing defined?

2. Who was the director of the CIA when intelligence learned that al-Qaeda may be planning a major attack on the U.S.?

3. How many bus bombings occurred in Israel between December 2001 and September 2004?

4. Who is the heroine of La Traviata who dies after sacrificing for love?

5. How many pairs of competing companies are analyzed in Built to Last?

(see the answer keys)

This section contains 512 words (approx. 2 pages at 300 words per page) View a FREE sample