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

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

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

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

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

Short Answer Questions

1. 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?

2. In discussing vacations, the author presents the assertion that resorts offer what?

3. Who coined the term "denominator neglect"?

4. Who was the Nobel Prize-winning economist that proposed a theory where utility are attached to changes of wealth rather than to states of wealth?

5. Who was the founder of psychophysics?

Short Essay Questions

1. Why does Kahneman cite the book Expert Political Judgment: How Good Is It? Who wrote this book?

2. How is evaluation defined as a principle of prospect theory?

3. What is the initial gamble that Paul Samuelson famously asked a friend?

4. Wht is duration neglect?

5. What does "hedonimeter" refer to?

6. What is broad framing? What is narrow framing?

7. Why does the author credit Virginia Apgar with saving the lives of many infants?

8. What is the endowment effect?

9. How did Nassim Taleb define the term narrative fallacy in The Black Swan?

10. What story from Malcolm Gladwell's book Blink does the author present?

(see the answer keys)

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