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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. 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) Richard Thaler.
(c) Bruno Frey.
(d) John Gottman.

2. In Introduction to the Principles of Morals and Legislation, the author points out that "Nature has placed mankind under the governance of two sovereign masters" (728). What are these masters defined as?
(a) Pain and pleasure.
(b) Logic and emotion.
(c) Math and biology.
(d) Science and cognitive reasoning.

3. How is the decision construction of broad framing defined by the author?
(a) Four simple decisions, considered separately.
(b) Two simple decisions, considered separately.
(c) A single decision with two options.
(d) A single decision with four options.

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

5. Who was the anesthesiologist who intervened regarding physicians' and midwives' clinical judgment to determine whether a baby faced breathing distress?
(a) Danny Oppenheimer.
(b) Virginia Apgar.
(c) Malcolm Gladwell.
(d) Baruch Fischhoff.

Short Answer Questions

1. 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?

2. In what year does the author describe visiting a Wall Street firm with Amost Tversky and Richard Thaler?

3. Who coined the term "Econs and Humans"?

4. Who wrote the article "The Robust Beauty of Improper Linear Models in Decision Making"?

5. Where was John von Neumann originally from?

Short Essay Questions

1. What is the endowment effect?

2. What did Tversky and Kahneman conclude in their study of pain during medical procedures?

3. How does the author suggest a person should go about hiring a sales representative for his firm using algorhythms?

4. What two different meanings does the author attribute to the word utility in Chapter 35?

5. What findings were published in "Money, Kisses, and Electric Shocks: On the Affective Psychology of Risk"?

6. What does "hedonimeter" refer to?

7. What is a framing effect?

8. What is an illusion of skill?

9. What is a correlations coefficient?

10. How do prospect theory and utility theory differ?

(see the answer keys)

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