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Unformatted text preview: SOC 138/ECO 149 Midterm Exam 2 (SAMPLE ONLY) Carter T. Butts Fall Quarter, 2009 Note: This sample exam contains 20 questions, but is otherwise of the same form as Midterm Exam 2. TAs will provide solutions to this sample exam during discus- sion section. Study this exam carefully – some questions may return! 1. Fill in the blank: Anchoring and adjustment can lead to a “money pump” through the phe- nomenon known as —————. A. transitivity B. consistency bias C. confabulation D. preference reversal E. cold reading 2. Fill in the blank: Remembering is best described as a(n) ————— process. A. rational B. reconstructive C. deliberate D. error-free E. conscious 3. Fill in the blank: In Kahneman and Tversky’s famous “Linda the Bank Teller” problem, the judgment made by most subjects is thought to result from —————. A. overfitting B. the pseudocertainty effect C. rational judgment D. the representativeness heuristic E. the endowment effect 1 4. Which of the following errors in reasoning is typical of belief in a “law of small numbers?” A. Seeking out evidence which confirms a hypothesis B. Confusing likelihoods and posteriors C. Interpretation of chance deviations as causally significant D. Ignoring prior information in making judgments E. Underweighting of the likelihood 5. What fallacious belief regarding training results from a misunderstanding of the regression effect? A. Skills improvement is best assessed by participant self-evaluation B. There is no limit to human performance C. Some kinds of people just can’t learn D. “Fun” educational programs are more effective E. Punishment is a more effective motivator than reward 6. Which of the following best describes the representativeness heuristic? A. The representation of a concept determines its meaning B. All judgments must be made via Bayes’ Theorem C. People and events which appear similar must be similar in all respects D. You can always rely on a representative to make decisions for you E. Representativeness depends on rational judgmentE....
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This note was uploaded on 01/20/2011 for the course ECON 149 taught by Professor Sohrabian during the Fall '08 term at UC Irvine.
- Fall '08