PHIL 100 Week 2 Quiz | MiraCosta College

PHIL 100 Week 2 Quiz | MiraCosta College.

Question 1

If taxi drivers were logical then they would

  • work the same hours every day regardless of the weather
  • work longer hours when it’s rainy
  • work longer hours when it’s sunny
  • stop working once they have reached their goal for the day

Question 2

Steve is the meek and tidy soul with a passion for detail and very little interest in people. Without any other information about him, is he more likely to be a librarian or a farmer?

  • Librarian
  • Same probability for both
  • Farmer

Question 3

Why are cognitive biases called biases?

  • Because they are strictly subjective
  • Because they are based on prejudice
  • Because they are more likely among people of priviledge
  • Because they are not random

 Question 4

Almost _____ % of people in Christopher Chabris’ experiment missed the fight.

(Fun fact: this is the same psychologist who came up with the gorilla experiment)

  • 20
  • 50
  • 90
  • 75

 Question 5

Daniel Kahneman describes the way we make decisions as the interplay between two systems: System 1 and System 2.

How is each system described?

  • Fast
  • Deliberate
  • Automatic
  • Slow
  • Rational

Question 6

Which of the following statements about System 2 is true?

  • System 2 is “the star of the show.”
  • It’s possible to rely solely on System 2
  • System 2 invents reasons for what System 1 does
  • System 2 is responsible for most of our daily decisions

 Question 7

Match the behavior to the cognitive bias.

  • Not saving enough for retirement
  • Trusting somebody because they have a firm handshake
  • Perceiving the meal you cooked as more delicious than you would otherwise
  • Thinking that everybody will notice that there is a little ketchup stain on my shirt

Question 8

In the example in the video, who fell prey to confirmation bias?

  • All the trained experts
  • Everybody
  • An equal number of trained experts and novices
  • All the novices

Question 9

Classical economics assumes that individuals make rational decisions when thinking about money.

Behavioral economics _________________

  • shows that cognitive biases do not play a part when we make financial decisions
  • argues that System 1 tends to take over when we make financial decisions
  • agrees
  • argues that System 2 tends to take over when we make financial decision

 Question 10

Lauri Santos’ experiments show that monkeys  _________________

  • prefer to make deals with the trader that takes away one grape, leaving them with 2 grapes
  • are incapable of making rational decisions
  • realize that both results are equivalent
  • prefer to make deals with the trader that gives them an extra grape, for a total of 2 grapes

 Question 11

What do behavioral economists recommend we do to minimize the effect of our cognitive biases?

  • That we change our environment so that we can make better decisions
  • That we suppress System 1
  • That we understand that we have reasons for everything that we believe
  • That we let computers make most of our financial decisions