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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What part of the brain has a primary role as its threat center?
(a) The amygdala.
(b) The occipital lobe.
(c) The cerebellum.
(d) The brainstem.

2. Who is the heroine of La Traviata who dies after sacrificing for love?
(a) Sarah.
(b) Anna.
(c) Violetta.
(d) Maria.

3. The author states in Chapter 25, "Gambles represent the fact that the consequences of choices are" what (526)?
(a) "Foreseeable."
(b) "Predictable."
(c) "Never certain."
(d) "Axioms."

4. In the author's description of the cold-pressor experiment, how many cold-hand trials were the participants told they would experience?
(a) Three.
(b) Four.
(c) Six.
(d) Two.

5. How many bus bombings occurred in Israel between December 2001 and September 2004?
(a) 16.
(b) 9.
(c) 23.
(d) 12.

6. Who wrote the 2005 book Expert Political Judgment: How Good Is It? How Can We Know?
(a) Jim Collins and Jerry I. Porras.
(b) Malcolm Gladwell.
(c) Baruch Fischhoff.
(d) Philip Tetlock.

7. The author states in Chapter 26, "In mixed gambles, where both a gain and a loss are possible," what happens (552)?
(a) "Loss aversion causes narrative fallacies."
(b) "Risk seeking behavior causes extremely loss aversive choices."
(c) "Confidence overrides logic."
(d) "Loss aversion causes extremely risk-averse choices."

8. How many participants were involved with the author's study on the pain of colonoscopies?
(a) 10.
(b) 95.
(c) 123.
(d) 154.

9. Who is the author of A Random Walk Down Wall Street?
(a) Burton Malkiel.
(b) Jim Collins.
(c) Malcolm Gladwell.
(d) Baruch Fischhoff.

10. In discussing vacations, the author presents the assertion that tourism is about what?
(a) Helping people erase memories of their home lives.
(b) Demonstrating commercialism for economic gain.
(c) Helping people create a world of fallacies.
(d) Helping people construct stories and collect memories.

11. How is the decision contruction of narrow framing defined?
(a) Four simple decisions, considered separately.
(b) A single decision with four options.
(c) Two simple decisions, considered separately.
(d) A single decision with two options.

12. 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)?
(a) 45%.
(b) 16%.
(c) 88%.
(d) 95%.

13. What organization paid for Thaler to spend a year working with Kahneman in Vancouver?
(a) The Spencer C. Kaufman Foundation.
(b) The Michael Conner Foundation.
(c) The Roosevelt Foundation.
(d) The Russell Sage Foundation.

14. What creates an asymmetry that makes agreements difficult to reach?
(a) Loss aversion.
(b) Endowment effect.
(c) Narrative fallacy.
(d) Theory-induced blindness.

15. How are decision weights and probabilities regarded in utility theory?
(a) The same.
(b) Probabilities are more important.
(c) Weights are more important.
(d) Variations of probability have less effect on decision weights.

Short Answer Questions

1. The author asserts that errors of prediction are inevitable for what reason?

2. Who was the director of the CIA when intelligence learned that al-Qaeda may be planning a major attack on the U.S.?

3. Whose study on duration neglect and the peak-end rule involved a story of Jen, who died instantly in an automobile accident?

4. With what economist did Kahneman and Thaler work closely in Vancouver?

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

(see the answer keys)

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