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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. To whom is the following quote attributed: "The agent of economic theory is rational, selfish, and his tastes do not change" (525)?
2. What term refers to the state that some artists experience in creative moments and other experience through films, books, etc.?
3. How many fatalities came about as a result of bus bombings in Israel between December 2001 and September 2004?
4. One of the decision problems that Kahneman and Tversky examined (as discussed in Chapter 25) was whether one would choose a coin toss in which the winner wins $100 or what?
5. How many pairs of competing companies are analyzed in Built to Last?
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 evidence was presented by Ed Diener and his team when examining vacations?
3. What is the expected utility hypothesis?
4. Why does the author credit Virginia Apgar with saving the lives of many infants?
5. What story from Malcolm Gladwell's book Blink does the author present?
6. What is a correlations coefficient?
7. Wht is duration neglect?
8. What did Tversky and Kahneman conclude in their study of pain during medical procedures?
9. What does "hedonimeter" refer to?
10. What is broad framing? What is narrow framing?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
What is the author's history with Amos Tversky? On what works did the two collaborate? What terms and concepts did these individuals develop? Cite examples from the text in your answer.
Essay Topic 2
Discuss the Law of Small Numbers. What does this law state? How does the author illustrate the law? How does the law come into play when we assess statistics from scientific studies?
Essay Topic 3
Discuss Daniel Bernoulli and his contributions to the study of decision making. What approach did Bernoulli introduce to the evaluation of gambles? Why is Bernoulli's theory flawed?
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This section contains 643 words (approx. 3 pages at 300 words per page) |
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