shrek
Quiz by Kelsey Rogers
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8 questions
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- Q1Which social concept was displayed in the first section of the case study?Social DeterminismnonconformityConformityFalse Consciousness30s
- Q2What best describes bounded rationality?Economic decision-makers are capable of making rational decisions within the limits of factors such as mental capacity and time available to make the decision.Economic decision-makers rarely act rationally when making decisions.Economic decision-makers only act rationally when they are physically tied to a chair.Economic decision-makers typically act rationally in all decisions.30s
- Q3Which example would best represent System 1 in the Dual System Theory?Choosing a seat in the waiting room at the doctorDeciding which care to buyAll of the abovePicking out health insurance for your family30s
- Q4Which example would best represent System 2 in the Dual System Theory?All of the aboveChoosing a house to buyChoosing which college to attendChoosing a job career30s
- Q5Choose your preferred lottery winnings/odds80% chance of winning $4000, 20% chance of winning $0100% Chance of winning $300030s
- Q6Choose your preferred payment penalty/odds80% chance of losing $4000, 20% chance of losing $0100% chance of losing $300030s
- Q7Looking at the data for Shrek’s health and well being, there’s a lot at stake. Pretend that you are a doctor and are sitting down with Shrek. Considering loss aversion and anchoring, apply all 3 parts of the heuristic model to each procedure. What could be framed as losses or gains. Be sure to consider Shrek’s current health and possible outcomes.SimplificationEstimated ValuePoint of Reference30s
- Q8Why did Pinnochio ask Shrek to verbally commit to using the discount in front of himself and Dr. Fairy Godmother?Payment/PenaltySocial CohesionAuthorityNorms30s