Behavioral science in business: Nudging, debiasing, and managing the irrational mind.

1) Question 1

Behavioral science can help companies transition from a backward-looking approach to:

1)A forward-looking approach.

2)Replicating previous strategies.

3)Sticking to traditional procedures.

4)focus solely on past mistakes.

Question 2

What is the first main application of behavioral science for companies as stated by Julia Sperling?

1)Performance management.

2)Marketing strategies.

3)Mergers and acquisitions.

4) Nudging techniques.

Question 3

According to the passage, why is it advised that the most senior person in the room should not speak first during group discussions?

1)They might influence the opinions of

others.

2)Their opinion is less valuable.

3)They have the least experience.

4)They might intimidate other speakers.

Question 4

Which bias refers to the tendency of choosing individuals who remind us of ourselves?

1)Groupthink.

2)Sunflower bias.

3)Safety bias.

4)Mini-me bias.

Question 5

What is NOT listed as one of the key capabilities needed for a company to adopt nudging and debiasing techniques effectively?

1)A deep understanding of analytics

2)Access to interventions that have worked in the past

3)Knowledge of specific behaviors leading to desired outcomes

4)The ability to predict future trends

Question 6 (1 point)

Julia Sperling mentions international institutions are now hiring behavioral specialists. Which two professions are explicitly named?

1)Psychiatrists and clinical psychologists

2)Behavioral psychologists and

behavioral economists

3)Behavioral scientists and sociologists

4)Human resource specialists and organizational behaviorists

Question 7

Nudging aims to:

1)Influence behavior without restricting

it

2)Impose fines.

3)Restrict people's choices.

4)Prohibit actions.

Question 8

Behavioral science has become popular in businesses primarily to address:

1)Technical innovation.

2)Historical data analytics.

3)Financial strategy.

4)Biases driving daily decisions.

Question 9

What potential negative impact of performance-based teams is highlighted?

1)They decrease motivation.

2)They encourage unhealthy competition.

3)They stifle creativity.

4)They result in job insecurity.

Question 10

According to Anna Gntner, which factor was traditionally considered the biggest motivator for employees?

1)Promotion

2)Money

3)Acknowledgment

4)Job security

Question 11

In the construction industry, what nudge was implemented for managers?

1)Wearing a differently colored helmet.

2)Having a unique workspace.

3)Wearing a suit.

4)Carrying a different badge.

Question 12

In which field did Julia Sperling mention unconscious bias plays a significant role?

1)Financial analysis.

2)Marketing techniques.

3)Safety protocols. 4)Diversity efforts in recruiting.

Question 13

What is the primary objective of

"nudging"?

1)To challenge traditional management practices.

2)To increase company profits.

3)To promote a particular product or

service.

4)To change specific behaviors in an

organization.

Question 14

Which technique is mentioned for changing people's behavior without restricting them?

1)Legal implications.

2)Financial incentives.

3)Strong mandates.

4)Nudging.

Question 15

According to the research from the United States, which bias often resulted in mistakes at hospitals?

1)Anchoring

2)Overconfidence

3)In-group bias

4)Confirmation bias