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

Multiple Choice Questions

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

2. In the author's description of the cold-pressor experiment, how long did the short episode consist of?
(a) 30 minutes.
(b) 2 minutes.
(c) 30 seconds.
(d) 60 seconds.

3. Who is the author of A Random Walk Down Wall Street?
(a) Malcolm Gladwell.
(b) Jim Collins.
(c) Burton Malkiel.
(d) Baruch Fischhoff.

4. Who wrote the article "The Robust Beauty of Improper Linear Models in Decision Making"?
(a) Baruch Fischhoff.
(b) Malcolm Gladwell.
(c) Jim Collins and Jerry I. Porras.
(d) Robyn Dawes.

5. Who was the founder of psychophysics?
(a) Gustav Fechner.
(b) Bruno Frey.
(c) John Gottman.
(d) Richard Thaler.

6. Given the following information, what percentage of respondents answered Mr. Brown? "Mr. Brown almost never picks up hitchhikers. Yesterday he gave a man a ride and was robbed" and "Mr. Smith frequently picks up hitchhikers. Yesterday he gave a man a ride and was robbed" (666)?
(a) 95%.
(b) 45%.
(c) 88%.
(d) 16%.

7. In the author's description of the cold-pressor experiment, how long were the trials separated?
(a) Twenty minutes.
(b) Two minutes.
(c) Ten minutes.
(d) Seven minutes.

8. The author offers a scenario in which a subject purchases a $200 concert ticket to see their favorite band. They find that others are offering $3,000 for the ticket, but they do not sell it. What is this an example of?
(a) Theory-induced blindness.
(b) Narrative fallacy.
(c) The availability cascade.
(d) Endowment effect.

9. What is the title of the essay that Kahneman and Tversky wrote on the study of gambles?
(a) "Introduction to Economics and Psychology."
(b) "The Perception of Causality."
(c) "Belief in the Law of Small Numbers."
(d) "Prospect Theory: An Analysis of Decision under Risk."

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

11. Who are the authors of Built to Last?
(a) Christopher Chabris and Daniel Simons.
(b) Jim Collins and Jerry I. Porras.
(c) Baruch Fischhoff and Gary Klein.
(d) Keith Stanovich and Richard West.

12. Who proved mathematically that attempts to explain loss aversion by the utility of wealth are doomed to fail?
(a) John Gottman.
(b) Matthew Rabin.
(c) Richard Thaler.
(d) Bruno Frey.

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

14. What term introduced by Nassim Taleb describes how flawed stories of the past shape our views of the present and the future?
(a) Availability fallacy.
(b) Confidence fallacy.
(c) Ego fallacy.
(d) Narrative fallacy.

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

Short Answer Questions

1. Who wrote that "chances of rare events (such as the burst of housing bubbles) receive less impact than they deserve according to their objective probabilities" (639)?

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

3. Who is the author of Introduction to the Principles of Morals and Legislation?

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

5. What term refers to elementary rules, or statements regarded as established?

(see the answer keys)

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