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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 is the title of the essay that Kahneman and Tversky wrote on the study of gambles?
2. In the following example from Chapter 30, the author posits the following in regards to a person choosing a marble from an urn. The red marbles win a prize. "Urn A contains 10 marbles, of which 1 is red. Urn B contains 100 marbles, of which 8 are red" (631). What are the chances of winning in Urn A?
3. How many participants were involved with the author's study on the pain of colonoscopies?
4. 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?
5. What dean of the University of Chicago Graduate School of Business was a firm believer in standard economic theory?
Short Essay Questions
1. What is a correlations coefficient?
2. What does "hedonimeter" refer to?
3. How does the author assert terrorism works in Chapter 30?
4. What is the initial gamble that Paul Samuelson famously asked a friend?
5. What two different meanings does the author attribute to the word utility in Chapter 35?
6. Wht is duration neglect?
7. What is the principle of diminishing sensitivity?
8. What is the expected utility hypothesis?
9. How is evaluation defined as a principle of prospect theory?
10. What is the principle of loss aversion?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
What proposition did Daniel Gilbert present in “How Mental Systems Believe”? How are belief and unbelief defined? How should one assess a decision based on Gilbert's conclusions?
Essay Topic 2
Discuss the experiment on self-control conducted by Walter Mischel. What was the sample size of the experiment? Who were the subjects of the experiment? What were the conclusions reached?
Essay Topic 3
What are the different actions that the author presents in "How to Write a Persuasive Message"? Give an example of each action one should take. What are the impacts of these actions on the audience/reader?
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This section contains 678 words (approx. 3 pages at 300 words per page) |
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