QUESTION 1

1. What is one way to nudge people into making a riskier choice?
2. Frame the decision in emotional terms.
3. Frame the decision in terms of losses.
4. Frame the decision in terms of gains.
5. Frame the decision in economic terms.

1 points

QUESTION 2

1. Which is an example of libertarian paternalism?
2. Making healthy food more accessible than junk food in a cafeteria
3. Your father makes you clean your room
4. Nudging people to purchase accessories they don't need
5. Fines for jaywalking (crossing when the light is red)

1 points

QUESTION 3

1. Scenario: The state wants to reduce water consumption during a drought. What might it encourage restaurants to do tonudgeconsumption lower?
2. Add a tasteless food coloring to give the water a brown tint.
3. Require customers to request water instead of getting it automatically.
4. Require restaurants to charge $1.00 for glasses of water.
5. Ban glasses of tap water in restaurants.

1 points

QUESTION 4

1. What is a nudge?
2. A minor adjustment in equilibrium pricing
3. Any small feature of choice architecture that influences our decisions
4. The region of the brain that drives System 1 thinking
5. From Yiddish, "nudyen", meaning to pester, bore

1 points

QUESTION 5

1. Match the linear programming concepts to the corresponding Solver parameters
4. -
6. A.
8. B.
10. C.
11. Objective Function
13. -
15. A.
17. B.
19. C.
20. Decision Variables
22. -
24. A.
26. B.
28. C.
29. Constraints
30. A.Set Objective
31. B.Decision Constraints
32. C.By Changing Variable Cells

1 points

QUESTION 6

1. The probability of rolling a 9 with two six-sided dice is 11%. What's the probability of NOT rolling a 9
2. 22%
3. 11%
4. 89%
5. Not enough information to calculate

1 points

QUESTION 7

1. What is WACC?
2. Probability of B given A times the Probability of A Divided by the Probability of B
3. Cost of Equity Percent of Equity in capitalization + Cost of Debt Percent of Debt in Capitalization
4. A method of accelerated depreciation
5. The internal rate of return for a corporate investment

1 points

QUESTION 8

1. What is the weighted average cost of capital (WACC) of a firm?
2. A method of accelerated depreciation
3. The internal rate of return for a corporate investment
4. Probability of B given A times the Probability of A Divided by the Probability of B
5. Cost of Equity* Percent of Equity in capitalization + Cost of Debt * Percent of Debt in Capitalization

1 points

QUESTION 9

1. How do humans make decisions under classical economics
2. Using system one
3. Using heuristics (rules of thumb)
4. Ethically, fairly and empathetically
5. Like a computer

QUESTION 10

1. In which circumstance could people benefit from a nudge
2. When an individual's goals are very different from everyone else's
3. When sacrifice today is required for much greater benefit in the future
4. A slow, deliberate analysis is needed to make a choice
5. When the best choice is obvious