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Some general instructions about the final assignment
(AND how to write good questions):
The final assignment is to submit 10 multiple-choice questions about the course materials.
1. All possible answers should be plausible (that is, make sense). For example, if you ask who are the forefathers of Behavioral Economics (and please don’t ask this question), “the three stooges” is not a plausible alternative for an answer.
2. All possible answers should be stated clearly and concisely
3. The answers should be mutually exclusive. That is, with no overlapping content.
4. Don’t provide clues to the correct answer (either in the answers themselves or the question). To achieve this goal, it is best to use a similar length and language for all answers.
5. Avoid “trick questions” and complex multiple-choice items (e.g., A and B or C and D).
6. The question should not contain irrelevant information.
7. For each question please indicate the correct answer.
The questions should emphasize higher-level thinking and understanding and not just examine memory for research data. All questions should include 4 possible answers. You get 10 points maximum for each question.
The questions should be challenging but not too hard. You will be measured based on creativity, difficulty level, and proficiency.
Some general instructions about the final assignment
(or, how to write good questions):
The final assignment is to submit 10 multiple-choice questions about the course materials.
1. All possible answers should be plausible (that is, make sense). For example, if you ask who are the forefathers of Behavioral Economics (and please don’t ask this question), “the three stooges” is not a plausible alternative for an answer.
2. All possible answers should be stated clearly and concisely
3. The answers should be mutually exclusive. That is, with no overlapping content.
4. Don’t provide clues to the correct answer (either in the answers themselves or the question). To achieve this goal, it is best to use a similar length and language for all answers.
5. Avoid “trick questions” and complex multiple-choice items (e.g., A and B or C and D).
6. The question should not contain irrelevant information.
7. For each question please indicate the correct answer.
The questions should emphasize higher-level thinking and understanding and not just examine memory for research data. All questions should include 4 possible answers. You get 10 points maximum for each question.
The questions should be challenging but not too hard. You will be measured based on creativity, difficulty level, and proficiency.
In the final assignment, the grade will be determined on the following criteria:
1. Questions will be measured by creativity and invested effort. That is, how much thought was put into writing the question. For example, a creative or a well-thought question could be something like:
Moti wants to invest in the stock market. He hears a lot about MARZEL, a new startup company, in the news, and thus decides to invest in MARZEL. The reliance of Moti on media coverage to choose a company to invest in is an example of
A. The representativeness heuristic
B. The Keats heuristic
C. The availability heuristic
D. The media bias
A less creative question or a question that less effort was put into creating could be:
Why does the availability heuristic not necessarily lead to a correct conclusion?
A. Because it is based on memorable events and not objective data
B. Because people make mistakes when reaching conclusions
C. Because it is affected by the first pieces of information
D. Because it is based on irrelevant prototypical information
2. Relevancy to the material we learned in class. When writing your questions, rely on what we discussed and the papers you were required to read, not on behavioral economics’ popular books or TED talks.
3. Quality. That is, is there a correct answer? Is there more than one answer that could be correct? Is the question or possible answers clear or ambiguous?
For example, let’s consider the first question, with a different optional answer:
Moti wants to invest in the stock market. He hears a lot about MARZEL, a new startup company, in the news, and thus decides to invest in MARZEL. The reliance of Moti on media coverage to choose a company to invest in is an example of
A. The representativeness heuristic
B. Anchoring effect
C. The availability heuristic
D. The affect heuristic
While C is the correct answer, D could arguably be correct as well (since exposure increase likeability)
4. Difficulty level. Are the questions require in-depth knowledge and understanding, or decent memory and common sense enough to answer correctly.
For example, a more difficult question could be:
The saying “if it bleeds, it leads” could refer to
A. The availability heuristic
B. Intrinsic motivation
C. The representativeness heuristic
D. Overconfidence
While a very easy question could be
John prefers to travel by car than by airplane. Based on the availability heuristic, John
A. Has a phobia of airplanes
B. Likes cars very much
C. Likes to be in control at all times
D. Has probably seen vivid new stories about plane crashes
5. How much material the questions cover and whether they are repetitive. That is, are the questions only deal with a limited set of ideas (like the availability heuristic in my examples), or do they cover many different concepts and ideas?
And finally
6. Good practice – does the question follow the guidelines for writing good questions:
a. All options (for answers) should be plausible (that is, make sense).
b. Possible answers should be mutually exclusive.
c. Don’t provide clues to the correct answer.
d. Avoid “trick questions” and complex multiple-choice items
e. The questions should be concise and not contain irrelevant information.
In the final assignment, the grade will be determined on the following criteria:
1. Questions will be measured by creativity and invested effort. That is, how much thought was put into writing the question. For example, a creative or a well-thought question could be something like:
Moti wants to invest in the stock market. He hears a lot about MARZEL, a new startup company, in the news, and thus decides to invest in MARZEL. The reliance of Moti on media coverage to choose a company to invest in is an example of
A. The representativeness heuristic
B. The Keats heuristic
C. The availability heuristic
D. The media bias
A less creative question or a question that less effort was put into creating could be:
Why does the availability heuristic not necessarily lead to a correct conclusion?
A. Because it is based on memorable events and not objective data
B. Because people make mistakes when reaching conclusions
C. Because it is affected by the first pieces of information
D. Because it is based on irrelevant prototypical information
2. Relevancy to the material we learned in class. When writing your questions, rely on what we discussed and the papers you were required to read, not on behavioral economics’ popular books or TED talks.
3. Quality. That is, is there a correct answer? Is there more than one answer that could be correct? Is the question or possible answers clear or ambiguous?
For example, let’s consider the first question, with a different optional answer:
Moti wants to invest in the stock market. He hears a lot about MARZEL, a new startup company, in the news, and thus decides to invest in MARZEL. The reliance of Moti on media coverage to choose a company to invest in is an example of
A. The representativeness heuristic
B. Anchoring effect
C. The availability heuristic
D. The affect heuristic
While C is the correct answer, D could arguably be correct as well (since exposure increase likeability)
4. Difficulty level. Are the questions require in-depth knowledge and understanding, or decent memory and common sense enough to answer correctly.
For example, a more difficult question could be:
The saying “if it bleeds, it leads” could refer to
A. The availability heuristic
B. Intrinsic motivation
C. The representativeness heuristic
D. Overconfidence
While a very easy question could be
John prefers to travel by car than by airplane. Based on the availability heuristic, John
A. Has a phobia of airplanes
B. Likes cars very much
C. Likes to be in control at all times
D. Has probably seen vivid new stories about plane crashes
5. How much material the questions cover and whether they are repetitive. That is, are the questions only deal with a limited set of ideas (like the availability heuristic in my examples), or do they cover many different concepts and ideas?
And finally
6. Good practice – does the question follow the guidelines for writing good questions:
a. All options (for answers) should be plausible (that is, make sense).
b. Possible answers should be mutually exclusive.
c. Don’t provide clues to the correct answer.
d. Avoid “trick questions” and complex multiple-choice items
e. The questions should be concise and not contain irrelevant information.
Too Tired? Too Anxious? Need More Time? We’ve got your back.