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

Multiple Choice Questions

1. How is the decision contruction of narrow framing defined?
(a) A single decision with four options.
(b) Four simple decisions, considered separately.
(c) Two simple decisions, considered separately.
(d) A single decision with two options.

2. Who was the director of the CIA when intelligence learned that al-Qaeda may be planning a major attack on the U.S.?
(a) Christopher Chabris.
(b) Malcolm Gladwell.
(c) Baruch Fischhoff.
(d) George Tenet.

3. In Chapter 31, the author posits that the main motivators of money-seeking individuals (aside for the very poor) are what?
(a) Power and greed.
(b) Earning more money.
(c) Self-regard and achievement.
(d) Support and protection.

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

5. 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) 16%.
(b) 8%.
(c) 10%.
(d) 20%.

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

7. 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) Weights are more important.
(d) The same.

8. The author points out in Chapter 31 that professional golfers putt more successfully when doing what?
(a) Avoiding a bogey rather than trying to achieve a birdie.
(b) Trying to achieve a birdie while avoiding a bogey.
(c) Avoiding a birdie rather than trying to achieve a bogey.
(d) Trying to achieve a birdie while ignoring the bogey.

9. One of the decision problems that Kahneman and Tversky examined (as discussed in Chapter 25) was whether one would choose a coin toss in which the winner wins $100 or what?
(a) Getting $80 for certain.
(b) Getting $46 for certain.
(c) Losing $50.
(d) Losing $20.

10. Where was John von Neumann originally from?
(a) Spain.
(b) France.
(c) Israel.
(d) Austria-Hungary.

11. What well-known expert in marital relations estimated that a stable relationship requires good interactions outnumber bad interactions by at least 5 to 1?
(a) Gary Klein.
(b) Bruno Frey.
(c) Richard Thaler.
(d) John Gottman.

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

13. Who is the intellectual leader of an association of scholars against the author's works who call themselves NDM's?
(a) Baruch Fischhoff.
(b) Gary Klein.
(c) Malcolm Gladwell.
(d) Danny Oppenheimer.

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

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

Short Answer Questions

1. The author asserts that errors of prediction are inevitable for what reason?

2. What is the title of the essay that Kahneman and Tversky wrote on the study of gambles?

3. How many fatalities came about as a result of bus bombings in Israel between December 2001 and September 2004?

4. What creates an asymmetry that makes agreements difficult to reach?

5. Who are the authors of Built to Last?

(see the answer keys)

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