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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. The author describes a study conducted before President Nixon visited China and Russia. When was this?
2. In the author's description of the cold-pressor experiment, how long did the short episode consist of?
3. 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?
4. Who wrote the bestseller book Blink?
5. Given the following information, what percentage of respondents answered Mr. Brown? "Mr. Brown almost never picks up hitchhikers. Yesterday he gave a man a ride and was robbed" and "Mr. Smith frequently picks up hitchhikers. Yesterday he gave a man a ride and was robbed" (666)?
Short Essay Questions
1. What is an illusion of skill?
2. What two different meanings does the author attribute to the word utility in Chapter 35?
3. How do prospect theory and utility theory differ?
4. What is the principle of loss aversion?
5. What did Tversky and Kahneman conclude in their study of pain during medical procedures?
6. What is broad framing? What is narrow framing?
7. What is the endowment effect?
8. What is the expected utility hypothesis?
9. Why was Kahneman astonished upon reading an essay by Bruno Frey?
10. What is flow?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
How are normalcy and the capacity for surprise defined and analyzed in "Assessing Normalcy"? To which system of thought does each apply? What happens when several surprises happen in succession of one another?
Essay Topic 2
What is prospect theory? What are the principles of prospect theory? How does the model of prospect theory differ from normative models?
Essay Topic 3
What has the author concluded regarding risk-taking choices? How do they connect with or oppose risk aversion? What are examples presented by the author that illustrate these concepts?
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This section contains 686 words (approx. 3 pages at 300 words per page) |
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