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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 elementary rules, or statements regarded as established?
2. In the author's description of the cold-pressor experiment, how many cold-hand trials were the participants told they would experience?
3. What is the title of the essay that Kahneman and Tversky wrote on the study of gambles?
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. The author states in the opening of Chapter 29, "Whenever you form a global evaluation of a complex object--a car you may buy, your son-in-law, or an uncertain situation--you" do what (600)?
Short Essay Questions
1. What are the three qualifications when deciding whether or not to accept a small risk with positive expected value?
2. What is broad framing? What is narrow framing?
3. What findings were published in "Money, Kisses, and Electric Shocks: On the Affective Psychology of Risk"?
4. What story from Malcolm Gladwell's book Blink does the author present?
5. How did Nassim Taleb define the term narrative fallacy in The Black Swan?
6. What is the initial gamble that Paul Samuelson famously asked a friend?
7. What is a framing effect?
8. How is evaluation defined as a principle of prospect theory?
9. How does the author suggest a person should go about hiring a sales representative for his firm using algorhythms?
10. What evidence was presented by Ed Diener and his team when examining vacations?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss the concepts of cognitive ease and cognitive strain. How are each defined? How do cognitive ease and strain relate to System 1 and System 2? What are the causes and symptoms of cognitive ease and strain?
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 779 words (approx. 3 pages at 300 words per page) |
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