View a FREE sample

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

Multiple Choice Questions

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

2. What method is referred to by the author with the acronym DRM?
(a) Dream Revival Method.
(b) Detrimental Reliance Method.
(c) Diagnostic Reconstruction Method.
(d) Day Reconstruction Method.

3. In discussing the stock market, the author states that if all the assets in a market are correctly priced, it leaves no scope for cleverness but it also does what?
(a) Protects fools from their own folly.
(b) Creates an availability cascade.
(c) Creates definitive axioms.
(d) Enacts executive control.

4. 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) The availability cascade.
(b) Narrative fallacy.
(c) Endowment effect.
(d) Theory-induced blindness.

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

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

7. The author states in the opening of Chapter 29, "Whenever you form a global evaluation of a complex object--a car you may buy, your son-in-law, or an uncertain situation--you" do what (600)?
(a) "Evaluate the normalcy of the events or subjects."
(b) "Assign weights to its characteristics."
(c) "Make immediate assumptions."
(d) "Seek advice from experience."

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

9. Who is the heroine of La Traviata who dies after sacrificing for love?
(a) Sarah.
(b) Violetta.
(c) Maria.
(d) Anna.

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

11. 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) 88%.
(c) 45%.
(d) 16%.

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

13. What term refers to the quality of being noticeable or important?
(a) Salience.
(b) Articulate.
(c) Heuristic.
(d) Endowment.

14. Who is the author of Clinical vs. Statistical Prediction: A Theoretical Analysis and a Review of the Evidence?
(a) Paul Meehl.
(b) Jerry I. Porras.
(c) Malcolm Gladwell.
(d) Baruch Fischhoff.

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

Short Answer Questions

1. In assessing the stock market, the author asserts that skill in evaluating the business prospects of a firm is not sufficient for stock trading. Traders often lack the skill to answer what crucial question?

2. In discussing vacations, the author presents the assertion that tourism is about what?

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

4. The author points out in Chapter 31 that professional golfers putt more successfully when doing what?

5. In one example provided by the author in Chapter 31, he establishes two sports fans going to a game while facing a blizzard. One bought his ticket and the other one got his for free from a friend. The author asserts that the fan who paid is more likely to drive. What provides the explanation for this assertion?

(see the answer keys)

This section contains 711 words (approx. 3 pages at 300 words per page) View a FREE sample