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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 term refers to the quality of being noticeable or important?
(a) Salience.
(b) Endowment.
(c) Heuristic.
(d) Articulate.
2. Who wrote the bestseller book Blink?
(a) Baruch Fischhoff.
(b) Malcolm Gladwell.
(c) Danny Oppenheimer.
(d) Christopher Hsee.
3. In discussing vacations, the author presents the assertion that resorts offer what?
(a) An anchoring effect.
(b) Restorative relaxation.
(c) Theory-induced blindness.
(d) Executive control.
4. How are decision weights and probabilities regarded in prospect theory?
(a) The same.
(b) Variations of probability have less effect on decision weights.
(c) Weights are more important.
(d) Probabilities are more important.
5. Who coined the term "Econs and Humans"?
(a) John Gottman.
(b) Richard Thaler.
(c) Gary Klein.
(d) Bruno Frey.
Short Answer Questions
1. 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?
2. In Chapter 31, the author posits that the main motivators of money-seeking individuals (aside for the very poor) are what?
3. In discussing vacations, the author presents the assertion that tourism is about what?
4. Who coined the term "denominator neglect"?
5. Who is the author of A Random Walk Down Wall Street?
Short Essay Questions
1. How did Nassim Taleb define the term narrative fallacy in The Black Swan?
2. How do prospect theory and utility theory differ?
3. What is the principle of loss aversion?
4. What is a framing effect?
5. What is the initial gamble that Paul Samuelson famously asked a friend?
6. What is the expected utility hypothesis?
7. How does the author assert terrorism works in Chapter 30?
8. What is flow?
9. Why does Kahneman cite the book Expert Political Judgment: How Good Is It? Who wrote this book?
10. Wht is duration neglect?
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This section contains 658 words (approx. 3 pages at 300 words per page) |
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