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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What term refers to the quality of being noticeable or important?

2. Whose study on duration neglect and the peak-end rule involved a story of Jen, who died instantly in an automobile accident?

3. With what economist did Kahneman and Thaler work closely in Vancouver?

4. What nineteenth-century British economist proposed the idea of a "hedonimeter"?

5. In Chapter 31, the author posits that the main motivators of money-seeking individuals (aside for the very poor) are what?

Short Essay Questions

1. What does "hedonimeter" refer to?

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

3. What is the endowment effect?

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

5. How do prospect theory and utility theory differ?

6. What is an illusion of skill?

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

8. What is a correlations coefficient?

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

10. Wht is duration neglect?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe and discuss the Cognitive Reflection Test. Who constructed the test? What does "cognitive reflection" refer to? What are the author's conclusions regarding the test?

Essay Topic 2

What are frames? What are the different types of frames? How do frames affect decision making? Provide examples of frames from the text and/or from your own experiences.

Essay Topic 3

What is the illusion of memory? What example does the author provide to demonstrate this illusion? What are examples of your own experiences (or fictional examples) that demonstrate this illusion?

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This section contains 651 words (approx. 3 pages at 300 words per page) View a FREE sample