View a FREE sample

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

Short Answer Questions

1. In the author's description of the cold-pressor experiment, how many cold-hand trials were the participants told they would experience?

2. How are decision weights and probabilities regarded in prospect theory?

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

4. Who is the author of Clinical vs. Statistical Prediction: A Theoretical Analysis and a Review of the Evidence?

5. How many fatalities came about as a result of bus bombings in Israel between December 2001 and September 2004?

Short Essay Questions

1. What did Tversky and Kahneman conclude in their study of pain during medical procedures?

2. What is the principle of loss aversion?

3. What does "hedonimeter" refer to?

4. How did Nassim Taleb define the term narrative fallacy in The Black Swan?

5. Why was Kahneman astonished upon reading an essay by Bruno Frey?

6. How is evaluation defined as a principle of prospect theory?

7. What is flow?

8. Wht is duration neglect?

9. How do prospect theory and utility theory differ?

10. What is the endowment effect?

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

Describe Systems 1 and 2. How are these systems different? How are they similar? What is the inter-relatedness between these two systems?

(see the answer keys)

This section contains 626 words (approx. 3 pages at 300 words per page) View a FREE sample