1. Internationally, participation differences in organ donation programs are mostly attributed to:

a. cultural views.

b. financial compensation for organ donors.

c. what default option is set for participation or nonparticipation.

d. living standards as measured by per capita GDP.

2. Suppose Gina and Henry play two rounds of the ultimatum game. In the first round they play for $10; in the second round they play for $1,000. In the first round Gina suggests an 80/20 split ($8 to Gina, $2 to Henry), but Henry quickly rejects the offer as unfair. If in the second round Gina offers the same split ($800 to Gina, $200 to Henry), research by behavioral economists suggests that Henry will:

a. accept the offer because the dollar amount he would forgo by rejecting is substantial.

b. counteroffer with a more even split.

c. weigh the offer much more carefully because of the dollar amounts involved but ultimately reject the offer.

d. exhibit a stronger negative reaction than the first time and ultimately reject the offer.

3. Which of the following cognitive biases refers to people's tendency to attribute their successes to personal ability and effort, and failures to forces outside their control?

a. Overconfidence effect.

b. Confirmation bias.

c. Self-serving bias.

d. Hindsight bias.

4. Which of the following is not an implication of hardwired heuristics?

a. Getting people to make positive behavioral changes is about putting them in situations where heuristics kick in and lead them to the desired outcome.

b. Getting people to make better decisions is simply a matter of providing more information and more options.

c. People who know and understand hardwired tendencies of others can take advantage of situations.

d. Even when confronted with irrefutable information that a behavior is detrimental, people still may not change what they're doing.

5. According to behavioral economists, self-control problems generally result from poor information.

True

False