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

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

3. How many pairs of competing companies are analyzed in Built to Last?
(a) 18.
(b) 16.
(c) 8.
(d) 12.

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

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

Short Answer Questions

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

2. The author states in Chapter 26, "In mixed gambles, where both a gain and a loss are possible," what happens (552)?

3. 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?

4. Who wrote the 2005 book Expert Political Judgment: How Good Is It? How Can We Know?

5. Who proved mathematically that attempts to explain loss aversion by the utility of wealth are doomed to fail?

Short Essay Questions

1. How do prospect theory and utility theory differ?

2. What is an illusion of skill?

3. What does "hedonimeter" refer to?

4. How does the author assert terrorism works in Chapter 30?

5. What is a framing effect?

6. What evidence was presented by Ed Diener and his team when examining vacations?

7. Why was Kahneman astonished upon reading an essay by Bruno Frey?

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

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

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

(see the answer keys)

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