1. Which of the following are examples of plagiarism? (Chose multiple answers for this question)
a) Copying and pasting of content from more than one website without quotation marks and sources.
b) Paraphrasing someone else's original idea without providing a source.
c) Obtaining help with an assignment from a tutor or professor.
d) Copying and pasting of content from one website without quotation marks and source.
e) Getting homework solutions for free from any source.
f) Paying a service for homework solutions.
2. What is a helpful Excel function to use when creating a decision matrix?
a) FV
b) SUMPRODUCT
c) RAND
d) DECIDE
3. Evaluate this argument:
If my economist is an accurate forecaster, then she predicted the 2008 financial crisis.
She predicted the 2008 financial crisis.
So, my economist is an accurate forecaster.
a) The argument is a straw man
b) The argument is invalid: the conclusion does not necessarily follow from the premises..
c) One or more premises are false, so the conclusion is false
d) The argument is sound: the logic is valid and the premises are true.
4. Ambiguity (uncertainty) bias could explain which potential mistake:
a) Keegan joins a risky start-up instead of taking a safe salaried job.
b) Keegan accepts a job with a steady paycheck instead of following his passion and starting up a new business.
c) Keegan chooses a job in finance because that's what all his friends are doing.
d) Keegan takes a job with higher starting salary but without much hope for promotion.
5. What do corporate behavioral insights teams do?
a) Perform research and development on new products and services
b) Compete to produce the most interesting psychological research
c) Provide clinical psychotherapy to employees
d) Run experiments to test different ways to change customer and employee behaviors
6. What is one way to nudge people into making a riskier decision?
a) Frame the decision in terms of losses.
b) Frame the decision in terms of gains.
c) Frame the decision in emotional terms.
d) Frame the decision in terms of opportunity cost
7. Which is an example of libertarian paternalism?
a. Fines for jaywalking (crossing when the light is red)
b. Making healthy food more accessible than junk food in a cafeteria
c. Nudging people to purchase accessories they don't need
d. Your father makes you clean your room.
8. What is an effective approach to creating a good nudge (and solving many hard problems)?
a) Intuitive thinking
b) Prediction markets
c) Solution markets
d) Design thinking
9. What could explain someone's preference for a safe, salaried, government job to a risky entrepreneurial career?
a) Authority heuristic
b) Ambiguity aversion
c) Risk tolerance
d) Bandwagon effect
