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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. Who was the director of the CIA when intelligence learned that al-Qaeda may be planning a major attack on the U.S.?
2. According to the author in Chapter 26, "In bad choices, where a sure loss is compared to a larger loss that is merely probable," what is the result (552)?
3. What aspect of the mind answers the question: "How was it, on the whole" (734)?
4. 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)?
5. In the author's description of the cold-pressor experiment, how long were the trials separated?
Short Essay Questions
1. Why does Kahneman cite the book Expert Political Judgment: How Good Is It? Who wrote this book?
2. How did Nassim Taleb define the term narrative fallacy in The Black Swan?
3. How do prospect theory and utility theory differ?
4. What is hindsight bias?
5. What is flow?
6. How is evaluation defined as a principle of prospect theory?
7. How does the author describe regret in economics?
8. What story from Malcolm Gladwell's book Blink does the author present?
9. What are the three qualifications when deciding whether or not to accept a small risk with positive expected value?
10. How does the author suggest a person should go about hiring a sales representative for his firm using algorhythms?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe Systems 1 and 2. How are these systems different? How are they similar? What is the inter-relatedness between these two systems?
Essay Topic 2
Describe and discuss expected utility theory. Who introduced this theory? What does it state? How does it differ from prospect theory?
Essay Topic 3
Discuss the conclusions of Paul Slovic in regards to decision making, availability, and risk. How does Slovic consider most people to be in terms of how they are guided in decision making? Does the author agree or disagree with Slovic's conclusion? Why?
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This section contains 792 words (approx. 3 pages at 300 words per page) |
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