Question 1

In terms of framing,we respond better to:

Accepted Answer

A)   negative framing.
B)   neither; research has shown that framing ultimately doesn't matter.
C)   consistent framing.
D)   positive framing.E) A) and B)
F) A) and C)

Question 2

Suppose studies showed that 12 percent of all teens choose to participate in underage drinking.If policymakers wish to reduce the amount of underage drinking,they should:

Accepted Answer

A)   not share that statistic, and let teens think that it's a huge problem with all teens.
B)   Informing them will have no impact on their individual behavior.
C)   let teens know that the great majority of teens currently do not drink.
D)   The statistic is likely to influence their personal decision, but it is impossible to predict in what way without more information.E) A) and B)
F) C) and D)

Question 3

If you intend to begin jogging one week from today,and next week tell yourself you'll begin in another week,your preferences are:

Accepted Answer

A)   revealed from your actions.
B)   more accurate in the future.
C)   irrational.
D)   time inconsistent.E) B) and C)
F) None of the above

Question 4

When people make a decision to not participate in a program unless they actively enroll for it,program participation is:

Accepted Answer

A)   likely to be higher than if people were automatically enrolled and had to actively opt-out of participating.
B)   likely to be lower than if people were automatically enrolled and had to actively opt-out of participating.
C)   likely to be the same as if people were automatically enrolled and had to actively opt-out of participating.
D)   exclusive, which always makes it more attractive to people.E) A) and C)
F) All of the above

Question 5

Which of following is not an important category of bias in human decision making?

Accepted Answer

A)   Temptation.
B)   Limited processing power.
C)   Reluctance to change.
D)   Single-mindedness.E) A) and B)
F) B) and C)

Question 6

An important category of bias in human decision making is:

Accepted Answer

A)   temptation.
B)   revealed preference.
C)   ease of the decision-making process.
D)   All of these are important sources of bias in decision making.E) C) and D)
F) B) and C)

Question 7

The Save More Tomorrow (SMarT) program is an example of a:

Accepted Answer

A)   weak commitment device that was successful.
B)   strong commitment device that was successful.
C)   weak commitment device that was unsuccessful.
D)   strong commitment device that was unsuccessful.E) A) and C)
F) B) and C)

Question 8

People's preferences about the present are ____________ with their preferences about the future,simply because the future choices are ____________.

Accepted Answer

A)   inconsistent; more distant
B)   consistent; more distant
C)   inconsistent; harder to predict
D)   consistent; easier to predictE) All of the above
F) A) and B)

Question 9

Choice architects are likely to make program participation:

Accepted Answer

A)   lower, even if they frame it positively.
B)   the default rule if they want low enrollment.
C)   the default rule if they want high enrollment.
D)   the status quo in order to entice high enrollment.E) C) and D)
F) A) and B)

Question 10

Disclosing information in more usable ways to decision-makers:

Accepted Answer

A)   can decrease the occurrence of rational ignorance in decision-making.
B)   can nudge people toward making better decisions.
C)   has been useful to organizations like the EPA in getting desired outcomes, like people deciding to buy more gas-efficient cars.
D)   All of these statements are true.E) A) and D)
F) B) and D)

Question 11

A person setting up automatic deductions through her employer so a portion of her pay goes into a "Christmas account" is an example of:

Accepted Answer

A)   status quo bias.
B)   the endowment effect.
C)   positive framing.
D)   a commitment device.E) B) and C)
F) A) and D)

Question 12

The SMarT program is designed to overcome which common barrier to saving?

Accepted Answer

A)  Status-quo bias
B)  An unwillingness to forgo current consumption
C)  The program was designed to overcome both A and B.
D)  The program was designed to overcome neither A nor B.E) All of the above
F) C) and D)

Question 13

Amanda is from Vermont and visiting California for the first time.At home,Amanda always goes jogging early in the morning because it's hottest in the early afternoon.Not knowing what to expect of the weather in California,she decides to go jogging in the early morning during her visit.This decision is an example of:

Accepted Answer

A)   loss aversion.
B)   status quo bias.
C)   a heuristic.
D)   positive framing.E) A) and D)
F) A) and B)

Question 14

A mistake is a choice that:

Accepted Answer

A)   the chooser later regrets.
B)   the choice architect creates that has unintended consequences.
C)   society as a whole, but not necessarily the chooser, is left worse-off once it's made.
D)   policymakers think choosers should not make.E) A) and B)
F) A) and C)

Question 15

Suggested donations on fundraising items sent to you in the mail is an example of:

Accepted Answer

A)   loss aversion.
B)   positive framing.
C)   anchoring.
D)   rule of thumb.E) B) and D)
F) B) and C)

Question 16

The organization of the context and process in which people make decisions is called:

Accepted Answer

A)   political structure.
B)   choice architecture.
C)   ways and means theory.
D)   choice structure.E) B) and C)
F) B) and D)

Question 17

When we study choice architecture,we recognize that people make:

Accepted Answer

A)   choices that rarely maximize their well-being.
B)   mistakes in seemingly random ways.
C)   mistakes in common and predictable ways.
D)   choices which always maximize their well-being.E) B) and C)
F) None of the above

Question 18

A heuristic is a:

Accepted Answer

A)   positive-framing method.
B)   mental shortcut that helps us make decisions.
C)   method to increase the price of your vices.
D)   formal policy used by firms to drive employee behavior.E) All of the above
F) B) and C)

Question 19

Neutral policy with respect to choice architecture is:

Accepted Answer

A)   not a clear concept across different choice scenarios.
B)   well established in all choice scenarios.
C)   the goal of all choice architects.
D)   generally regulated by state and federal government.E) A) and D)
F) A) and C)

Question 20

An example of a heuristic is:

Accepted Answer

A)   predatory lending.
B)   a rule of thumb.
C)   common sense.
D)   a framing device.E) B) and C)
F) B) and D)

Exam 23: Public Policy and Choice Architecture

Choice architects are likely to make program participation:

Correct Answer
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A heuristic is a:

Correct Answer
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An important category of bias in human decision making is:

Correct Answer
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A person setting up automatic deductions through her employer so a portion of her pay goes into a "Christmas account" is an example of:

Correct Answer
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Neutral policy with respect to choice architecture is:

Correct Answer
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When people make a decision to not participate in a program unless they actively enroll for it,program participation is:

Correct Answer
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When we study choice architecture,we recognize that people make:

Correct Answer
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The SMarT program is designed to overcome which common barrier to saving?

Correct Answer
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An example of a heuristic is:

Correct Answer
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Suggested donations on fundraising items sent to you in the mail is an example of:

Correct Answer
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Which of following is not an important category of bias in human decision making?

Correct Answer
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Suppose studies showed that 12 percent of all teens choose to participate in underage drinking.If policymakers wish to reduce the amount of underage drinking,they should:

Correct Answer
verified

The Save More Tomorrow (SMarT) program is an example of a:

Correct Answer
verified

Disclosing information in more usable ways to decision-makers:

Correct Answer
verified

If you intend to begin jogging one week from today,and next week tell yourself you'll begin in another week,your preferences are:

Correct Answer
verified

A mistake is a choice that:

Correct Answer
verified

People's preferences about the present are with their preferences about the future,simply because the future choices are .

Correct Answer
verified

In terms of framing,we respond better to:

Correct Answer
verified

The organization of the context and process in which people make decisions is called:

Correct Answer
verified

Correct Answer
verified

Exam 23: Public Policy and Choice Architecture

Choice architects are likely to make program participation:

Correct AnswerverifiedShow Answer

A heuristic is a:

Correct AnswerverifiedShow Answer

An important category of bias in human decision making is:

Correct AnswerverifiedShow Answer

A person setting up automatic deductions through her employer so a portion of her pay goes into a "Christmas account" is an example of:

Correct AnswerverifiedShow Answer

Neutral policy with respect to choice architecture is:

Correct AnswerverifiedShow Answer

When people make a decision to not participate in a program unless they actively enroll for it,program participation is:

Correct AnswerverifiedShow Answer

When we study choice architecture,we recognize that people make:

Correct AnswerverifiedShow Answer

The SMarT program is designed to overcome which common barrier to saving?

Correct AnswerverifiedShow Answer

An example of a heuristic is:

Correct AnswerverifiedShow Answer

Suggested donations on fundraising items sent to you in the mail is an example of:

Correct AnswerverifiedShow Answer

Which of following is not an important category of bias in human decision making?

Correct AnswerverifiedShow Answer

Suppose studies showed that 12 percent of all teens choose to participate in underage drinking.If policymakers wish to reduce the amount of underage drinking,they should:

Correct AnswerverifiedShow Answer

The Save More Tomorrow (SMarT) program is an example of a:

Correct AnswerverifiedShow Answer

Disclosing information in more usable ways to decision-makers:

Correct AnswerverifiedShow Answer

If you intend to begin jogging one week from today,and next week tell yourself you'll begin in another week,your preferences are:

Correct AnswerverifiedShow Answer

A mistake is a choice that:

Correct AnswerverifiedShow Answer

People's preferences about the present are ____________ with their preferences about the future,simply because the future choices are ____________.

Correct AnswerverifiedShow Answer

In terms of framing,we respond better to:

Correct AnswerverifiedShow Answer

The organization of the context and process in which people make decisions is called:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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People's preferences about the present are with their preferences about the future,simply because the future choices are .

Correct Answer
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Correct Answer
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Correct Answer
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