The 'Thinking MCQ' quiz explores various theories and aspects of decision making, including rational decision making, bounded rationality, and fast and frugal heuristics. It assesses understanding of decision-making processes, critical for learners in psychology and cognitive sciences.
All of these
Empathy
Fairness
Greed
Rate this question:
Suspicious - Will lead with defection
Transparent - Clear what the next move will be
Provocable - Will punish defection
Forgiving - Will reward cooperation
Rate this question:
Accept any offer
Reject any offer
Reject any offer below 50%
Reject any offer below 25%
Rate this question:
It was now a zebra
It remains a horse
It is a zebra but maintains the essence of a horse
It is a horse but now has the essence of a zebra
Rate this question:
Informative
Descriptive
Prescriptive
Normative
Rate this question:
All of these
To maximise utility
Subjective
Normative
Rate this question:
Pocket the money and refuse to play
Offer half out of fear of altruistic punishment
Offer the smallest amount possible (about 0.1%)
Offer 10% and keep 90%
Rate this question:
Influenced by the underlying probabilities
Influenced by information stored in memory
Influenced by imagination
Subject to hindsight bias
Rate this question:
70%
50%
58%
100%
Rate this question:
Deliberative
Heuristic
Fast
Most commonly used
Rate this question:
All of these
Social physics
The search for mathematical laws to explain social and economic phenomena
About 50 years old in its modern form
Rate this question:
Normative reasoning - people should always follow the highest utility
Transitivity - (x>y, y>z ... x>z)
The Sure-thing principle - if an outcome is guaranteed, it has no influence on our choice
Weak ordering - we must always be able to compare to utilities even if they are equal
Rate this question:
Tit for Tat
Free Rider
Always Cooperate
Suspicious Tit for Tat
Rate this question:
Sunk costs
Inter-temporal choice
Conflict monitoring
Hyperbolic discounting
Rate this question:
Option A - £50
Option A - £200
Option B - £200
Option B - £20
Rate this question:
Use incentives
Make sure everyone shares social values
Ensure communication
Create a shared group identity
Rate this question:
Water is composed of H2O
Water is colourless
Water is a liquid
Water is universal
Rate this question:
Option B - £1500
Option A - £1000
Option B - £500
They have the same expected utility so they are equal
Rate this question:
Message framing
Hindsight bias
Probability adjustment
The law of small numbers
Rate this question:
Both of these
Probability Matching
Melioration
Neither of these
Rate this question:
P's who make the rational response take longer to do so in the personal version
P's who make the irrational response take longer to do so in the personal version
P's who make the rational response take longer to do so in the impersonal version
P's who make the irrational response take longer to do so in the impersonal version
Rate this question:
Grammaticality and similarity
Similarity
Grammaticality
There were no main effects
Rate this question:
A normative theory
A descriptive theory
A prescriptive theory
It is none of these theories
Rate this question:
Both cooperate
Both defect
You defect, they cooperate
You cooperate, they defect
Rate this question:
All of these
Hyperbolic discount rates
Uncertainty of the future
Temporal Proximity causes disproportional increase in attractiveness of the option
Rate this question:
A low discount rate (k)
A high discount rate (k)
A high subjective value (V)
A low subjective value (V)
Rate this question:
Both of these are appropriate explanations
Investments are treated as losses and are to be avoided or recouped (Prospect Theory)
We must avoid waste as a simple heuristic
Both these explanations are massively flawed
Rate this question:
Personal account
Impersonal account
Rational accounts
Irrational accounts
Rate this question:
2% - base rate neglect
2% - melioration
10% - melioration
10% - base rate neglect
Rate this question:
Rule training
Frequency tree
Frequency grid
They all elicited long term learning
Rate this question:
Tversky and Khaneman believe we deviate due to the formulation of the problem (ie not in frequencies)
Bayes theorem is the normative model of probability
Questions posed in frequentist terms allow us to reason normally
Deviation from Bayes theorem is irrational behaviour
Rate this question:
Exemplar
Prototype
Rule
All of them provided a fit
Rate this question:
Artificial grammar
Greebles
Exemplars
Conditioned rules
Rate this question:
Sure-thing principle
Transitivity
Weak Ordering
Normality
Rate this question:
The representativeness heuristic
The availability heuristic
Anchoring and Adjustment
Hindsight bias
Rate this question:
101
150
100
99
Rate this question:
Anchoring and adjustment
Availability
Representativeness
Small numbers
Rate this question:
Fast and frugal heuristics
Satisficing rationality
Optimization under constraints
Unbounded rationality
Rate this question:
Intelligence
Cooperation
System 1 activity
System 2 activity
Rate this question:
They are simpler than Bayesian computations
Humans cannot use Bayesian reasoning
It prevents us from using heuristics
It provides the base rates that we often neglect
Rate this question:
Bounded rationality
Optimization under constraints
Satisficing
Fast and Frugal heuristics
Rate this question:
The Monty Hall problem
The Allais Paradox
Risk seeking vs Risk averse behaviour
Non integration of prospects with existing assets
Rate this question:
Gated communities
Kin altruism
Information exchange to limit free-riders
Dowry payments
Rate this question:
A sequence has more alternations/ transition numbers
A sequence is shorter
They believe the trials are independent
They treat a sample mean as a population mean
Rate this question:
Value = explains utility in that it is asymmetrical and losses loom larger than gains
Pie = explains utility in that it is asymmetrical and losses loom larger than gains
Pie = a representation of objective probability
Value = a representation of objective probability
Rate this question:
Alternative outcomes
Bayesian probabilities
Frequencies
The impact of memory
Rate this question:
Anticipated emotional states
Incorrect probability estimates
Past memories
All of these
Rate this question:
The conditioning group - larger booby prize
The Incentive group - larger financial reward
The track record group - saw a history of their choices and outcomes
The advice group - had it explained why switching was best
Rate this question:
Quiz Review Timeline (Updated): Feb 4, 2025 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.