Thinking, Fast and Slow Test | Final Test - Hard

Daniel Kahneman
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.

Thinking, Fast and Slow Test | Final Test - Hard

Daniel Kahneman
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Thinking, Fast and Slow Lesson Plans
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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. In the author's description of the cold-pressor experiment, how long were the trials separated?

2. 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?

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

4. Who is the author of Introduction to the Principles of Morals and Legislation?

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

Short Essay Questions

1. How does the author suggest a person should go about hiring a sales representative for his firm using algorhythms?

2. What is the endowment effect?

3. What is the expected utility hypothesis?

4. How do prospect theory and utility theory differ?

5. Why does the author credit Virginia Apgar with saving the lives of many infants?

6. What findings were published in "Money, Kisses, and Electric Shocks: On the Affective Psychology of Risk"?

7. What is the initial gamble that Paul Samuelson famously asked a friend?

8. What are the three qualifications when deciding whether or not to accept a small risk with positive expected value?

9. What is a framing effect?

10. Wht is duration neglect?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe and discuss the Cognitive Reflection Test. Who constructed the test? What does "cognitive reflection" refer to? What are the author's conclusions regarding the test?

Essay Topic 2

What does the acronym WYSIATI stand for? Why does the author introduce this acronym and its concept? How does the author propose that one should go about countering WYSIATI?

Essay Topic 3

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?

(see the answer keys)

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