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This quiz consists of 5 multiple choice and 5 short answer questions through Part V (Chapters 12 - Coda).

Multiple Choice Questions

1. In Chapter 9, what did Kahneman say people needed in order to make a decision rather than a number?
(a) A story.
(b) A heart.
(c) A conscience.
(d) A soul.

2. What publication did Tversky and Kahneman think offered them the best chance of reaching audiences outside of psychology?
(a) Time.
(b) Newsweek.
(c) Nature.
(d) Science.

3. What was the prevailing theory of decision-making called when Tversky and Kahneman began researching it?
(a) Loss theory.
(b) Sense theory.
(c) Utility theory.
(d) Reward theory.

4. What one question did Kenneth Arrow ask Tversky after his lecture in Chapter 10?
(a) What is a loss?
(b) What is a gain?
(c) What is the difference between regret and envy?
(d) What can we apply from this lecture to the field of economics?

5. What did Tversky and Kahneman eventually come to label the logical fallacy they saw illustrated repeatedly in their hypothetical about a bank teller?
(a) The fashion fallacy.
(b) The conjunction fallacy.
(c) The availability fallacy.
(d) The emotional fallacy.

Short Answer Questions

1. What materials did researchers use to demonstrate Bayes's rule?

2. In Chapter 9, what does Lewis say Kahneman's and Tversky's relationship was like in every way other than sexually?

3. What did Tversky and Kahneman eventually title their work about decision-making?

4. What did Tversky think he originally might want to become?

5. Which team does Daryl Morey work for?

(see the answer key)

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