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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. Who coined the term "Econs and Humans"?
(a) Richard Thaler.
(b) John Gottman.
(c) Bruno Frey.
(d) Gary Klein.
2. Who are the authors of Built to Last?
(a) Baruch Fischhoff and Gary Klein.
(b) Christopher Chabris and Daniel Simons.
(c) Jim Collins and Jerry I. Porras.
(d) Keith Stanovich and Richard West.
3. What psychologist conduted an experiment wherein he recruited fans of professional basketball and elicited judgments concerning the winner of the NBA playoffs?
(a) Craig Fox.
(b) Larry Jacoby.
(c) Shane Frederick.
(d) Nassim Taleb.
4. To whom is the following quote attributed: "The agent of economic theory is rational, selfish, and his tastes do not change" (525)?
(a) John Gottman.
(b) Bruno Frey.
(c) Richard Thaler.
(d) Gary Klein.
5. The author states in Chapter 25, "Gambles represent the fact that the consequences of choices are" what (526)?
(a) "Never certain."
(b) "Foreseeable."
(c) "Axioms."
(d) "Predictable."
Short Answer Questions
1. Consider the following sentence from Chapter 19 where the author describes people who "knew well before it happened that the 2008 financial crisis was inevitable" (385). What objectionable word does the author point out in this sentence?
2. In what year does the author describe visiting a Wall Street firm with Amost Tversky and Richard Thaler?
3. When did the CIA obtain information that al-Qaeda might be planning a major attack against the United States?
4. Where was John von Neumann originally from?
5. What method is referred to by the author with the acronym DRM?
Short Essay Questions
1. Why does Kahneman cite the book Expert Political Judgment: How Good Is It? Who wrote this book?
2. What is the endowment effect?
3. What is a framing effect?
4. How does the author suggest a person should go about hiring a sales representative for his firm using algorhythms?
5. How does the author describe regret in economics?
6. What is the expected utility hypothesis?
7. What evidence was presented by Ed Diener and his team when examining vacations?
8. What is flow?
9. What is a correlations coefficient?
10. What is the initial gamble that Paul Samuelson famously asked a friend?
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This section contains 704 words (approx. 3 pages at 300 words per page) |
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