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Rationality & Choice Effects

BUS149

Week 1 Quiz

Rationality & Choice Effects

Question 1Kahneman (2003) discusses two systems of cognition. These two systems refer to which of the below?

 

  Intuition & Reasoning

 

  Gains & Losses

 

  Framing & Accessibility

 

 Question 2According to Huber, Payne, & Puto (2014), the attraction effect is also known as what?

 

  Compromise effect.

 

  The law of beauty.

 

  Asymmetric dominance.

 

 Question 3According to Maciejovsky & Budescu (2013), “stimulus-response compatibility” predicts which of the following results?

 

  Consumers aggregate reviews better for numerical than for verbal information.

 

  Consumers aggregate reviews better for verbal than for numerical information.

 

  Consumers’ preferences are more inconsistent when they encounter verbal reviews and process them numerically than when they encounter and process reviews within the same domain (verbal or numerical).

 

 

 

BUS149

 

Week 2 Quiz

 

Game Theory & Strategic Behavior

 

Question 1According to Albert, Guth, Kirchler, & Maciejovsky (2002), which is true about participants’ behavior in their experiment?

 

  Most participants submit the five identical offers in phase I.

 

  Most participants submit the exact same offer in phase I as in phase II.

 

  Participants typically submit different offers in phase I in order to exploit them in phase II.

 

 Question 2Which two major competitors do Brickley, Smith, & Zimmerman (2000) analyze in their paper?

 

  Ralph’s and Stater Bros.

 

  Airbus and Boeing.

 

  SnapChat and TikTok.

 

 Question 3Gibbons (1997) discusses applications of game theory in which academic area?

 

  Neuroscience.

 

  Evolutionary biology.

 

  Economics and business.

 

 

 

BUS149

 

Week 3 Quiz

 

Group Decision Making

 

Question 1According to Lightle, Kagel, & Arkes (2009), which of the following statements is true?

 

  Groups choose inferior options because they make decisions too quickly.

 

  Groups choose inferior options because they pick candidates who are similar to them.

 

  Groups choose inferior options because their members make mistakes in recalling information.

 

 Question 2According to Maciejovsky & Budescu (2013), which of the following statements is true?

 

  Conflicts of interest reduce information sharing in groups but not in markets.

 

  Conflicts of interest reduce information sharing in markets but not in groups.

 

  Neither markets nor groups are systematically influenced by conflicts of interest.

 

 Question 3According to Sunstein & Hastie (2014), which of the following statements is true?

 

  Groups make people’s political views less extreme compared to pre-deliberation averages.

 

  Individual political views do not differ significantly from average group positions.

 

  Groups make people’s political views more extreme compared to pre-deliberation averages.

 

 

 

BUS149

 

Week 4 Quiz

 

Influence & Fake News

 

Question 1According to Table 1 in Alford et al. (2011), which pair of attributes seems to be shared between partners the strongest? 

 

  Extraversion and impulsivity.

 

  Church attendance and political attitudes (W-P index).

 

  Weight and sleep length.

 

 Question 2According to Vousoughi, Roy, & Aral (2018), false news travels faster because of which feature?

 

  False news is more novel than true news.

 

  False news is less emotional than true news.

 

  False news is less thought-provoking than true news.

 

 Question 3According to the study by Carney et al. (2008), sports-related decors is most associated with the interiors of whom?

 

  Liberals.

 

  Conservatives.

 

  Millennials.

 

 

 

BUS149

 

Week 5 Quiz

 

Incentives & Motivation

 

Question 1According to Fellner, Guth, & Maciejovsky (2004), which of the following is true?

 

  Most people were indifferent between their portfolio and their expert’s portfolio.

 

  Most people preferred their portfolio over the expert’s portfolio.

 

  Most people were indifferent between their portfolio and the average portfolio.

 

 Question 2According to Gneezy & Rustichini (2001), which of the following statements is true?

 

  A fine made parents come on time to pick up their children.

 

  A fine had neither a positive nor a negative impact on when parents picked up their children.

 

  A fine made parents even more late when picking up their children.

 

 Question 3According to Norton, Mochon, & Ariely (2012), which of the following statements is correct?

 

  Builders and evaluators did not differ significantly in their willingness to pay for the origami.

 

  Builders of the origami wanted to pay less for them than evaluators were willing to pay.

 

  Builders of the origami wanted to pay more for them than evaluators were willing to pay.

 

 

 

BUS149

 

Week 6 Quiz

 

Racism & Discrimination

 

Question 1According to Balafoutas & Sutter (2012), which of the following is true?

 

  Preferential treatment of women increases their likelihood to compete.

 

  Minimum quota requirements for women makes them perform better than men.

 

  Men compete more than women.

 

 Question 2According to Bertrand & Mullainathan (2004), which of the following statements is true?

 

  White sounding names receive more callbacks for interviews.

 

  Black sounding names receive more callbacks for interviews.

 

  Asian sounding names receive more callbacks for interviews.

 

 Question 3According to Fellner & Maciejovsky (2007), which of the following statements is true?

 

  Women submit more offers than men.

 

  Women are more risk averse than men.

 

  Women trade more often than men.

 

 

 

BUS149

 

Week 7 Quiz

 

Ethics & Morality

 

Question 1According to Brady et al. (2019), which of the following statements is true?

 

  Moral-emotional language used by Liberals achieves greater diffusion than by Conservatives.

 

  Moral-emotional language used by Conservatives achieves greater diffusion than by Liberals.

 

  Moral-emotional language is largely ineffective when it comes to diffusion.

 

 Question 2According to Mazar, Amir, & Ariely (2008), which of the following statements is true?

 

  When given the opportunity most people show some dishonesty but not too much.

 

  Even when given the opportunity, people show almost no dishonest behavior.

 

  People exhibit maximum levels of dishonesty when given the opportunity to do so.

 

 Question 3According to Maciejovsky, Schwarzenberger, & Kirchler (2012), which of the following statements is true?

 

  Incidental emotions made people more likely to take out insurance.

 

  Incidental emotions interfered with people’s ability to take tax information into account.

 

  Incidental cognitive thoughts increased people’s overconfidence.

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