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

Multiple Choice Questions

1. The author describes a study conducted before President Nixon visited China and Russia. When was this?
(a) 1969.
(b) 1972.
(c) 1965.
(d) 1973.

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

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

4. Who was concluded to achieve better investment results in "Boys Will Be Boys"?
(a) Bankers.
(b) Women.
(c) Men.
(d) Professors.

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) 10%.
(c) 8%.
(d) 20%.

6. 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) Self-regard and achievement.
(c) Support and protection.
(d) Earning more money.

7. The author notes in Chapter 30 that what "is similar to the psychology of terrorism" (619)?
(a) "The psychology of statistical means."
(b) "The psychology of narrative fallacies."
(c) "The psychology of high-prize lotteries."
(d) "The psychology of anchors."

8. 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)?
(a) Ralph Hertwig and Ido Erev.
(b) John Gottman.
(c) Craig Fox.
(d) Jim Collins and Jerry I. Porras.

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

10. How many bus bombings occurred in Israel between December 2001 and September 2004?
(a) 12.
(b) 23.
(c) 16.
(d) 9.

11. According to the author in Chapter 26, "In bad choices, where a sure loss is compared to a larger loss that is merely probable," what is the result (552)?
(a) "Loss aversion causes narrative fallacies."
(b) "Risk seeking behavior causes extremely loss aversive choices."
(c) "Diminishing sensitivity causes risk seeking."
(d) "Loss aversion causes extremely risk-averse choices."

12. Who wrote the bestseller book Blink?
(a) Christopher Hsee.
(b) Danny Oppenheimer.
(c) Baruch Fischhoff.
(d) Malcolm Gladwell.

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

14. Who coined the term "Econs and Humans"?
(a) John Gottman.
(b) Bruno Frey.
(c) Richard Thaler.
(d) Gary Klein.

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

Short Answer Questions

1. What part of the brain has a primary role as its threat center?

2. 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?

3. The author states in Chapter 25, "Gambles represent the fact that the consequences of choices are" what (526)?

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

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

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