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Question 1
Which of the following describes the definition of neureconomics best?
Your Answer Score
Neuroeconomics is a branch of neuroscience which studies decision making
Neuroeconomics is a branch of psychology where economics, neuroscience and psychology converge
Neuroeconomics is a branch of economics where economist study decision making via neurotechnology
Inorre
ct
0.00
Total 0.00 / 1.00
Question 2
Which of the following categories divides economics properly?
Your Answer Score Explanation
Game theory and contract theory
Corporate finance and financial economics
Neuroeconomics and New Keynesian economics
Macroeconomics and microeconomics
Correct 1.00
Total 1.00 / 1.00
Question 3
Which of the following is not an assumption in decision making theory?
Your Answer Score Explanation
Choices are goal-directed activities
Human decisions are irrational
Correct 1.00
There are options to choose between
Options are chosen in a non-random way
Total 1.00 / 1.00
Question 4
Which of the following is decision making stages in a right order?
Your Answer Score
Representation, valuation, action selection, outcome evaluation, learning
Correct 1.00
Valuation, representation, action selection, learning, outcome evaluation
Valuation, representation, action selection, outcome evaluation, learning
Representation, action selection, outcome evaluation, learning
Total 1.00 / 1.00
Question 5
Which of the following can be implied by the choice blindness experiment?
Your Answer Score Explanation
People often make careless decisions
Inorrect 0.00
Consciousness sometimes makes up reasons to justify choice
People are not very skilled in judging facial attractiveness
Total
Question 1
Which of the following statements describes the fundamental hypothesis of neuroeconomics?
Your Answer Score
That our decisions are entirely programmed by the activity of specific neuronal populations
That our decisions are programmed by the activity of specific cognitive processes
Inorre
ct
0.00
Total 0.00 / 1.00
Question 2
Which of the following is, the assumption usually held and used by mainstream economics?
Your Answer Score
The existence of cognitive systems is postulated from observation and analysis of behavior
Rationality (individuals, in making choices, rationally select what they perceive to be in their
Corre 1.00
best interest) ct
Total 1.00 / 1.00
Question 3
Which of the following does decision making theory not include?
Your Answer Score Explanation
Choice under uncertainty
Knee Jerk Reflex
Correct 1.00
Perceptual decision
Choice in a group
Total 1.00 / 1.00
Question 4
Which of the following explanation is using neuroeconomic methodology?
Your Answer Score
Player 2 will accept any positive offer in ultimatum game otherwise he won’t receive anything
A relatively stronger activation of the insula or dlPFC predicts if player 2 in ultimatum game will accept the unfair financial offer
Player 2 won’t accept any unfair offer due to an aversion to inequality
Inorre
ct
0.00
Total 0.00 / 1.00
Question 5
According to Benedict de Spinoza, which of the following can cause people to believe that they are free?
Your Answer Score Explanation
Observing own free behavioral acts
Inorrect 0.00
Living in a democratic society
Not knowing real cause of actions
Being financially independent
Total 0.00 / 1.00
Question 1
Which of the following describes the definition of neureconomics best?
Your Answer Score
Neuroeconomics is a branch of psychology where economics, neuroscience and psychology converge
Neuroeconomics is a branch of economics where economist study decision making via neurotechnology
Neuroeconomics is a branch of neuroscience which studies decision making
Corre
ct
1.00
Total 1.00 / 1.00
Question 2
Which of the following is, the assumption usually held and used by mainstream economics?
Your Answer Score
Rationality (individuals, in making choices, rationally select what they perceive to be in their best interest)
Corre
ct
1.00
The existence of cognitive systems is postulated from observation and analysis of behavior
Total 1.00 / 1.00
Question 3
Which of the following does decision making theory not include?
Your Answer Score Explanation
Choice under uncertainty
Perceptual decision
Knee Jerk Reflex
Correct 1.00
Choice in a group
Total 1.00 / 1.00
Question 4
Which of the following processes has nothing to do with oxytocin?
Your Answer Score Explanation
Trust
Sexual relationship
Consciousness
Correct 1.00
Warm contact
Social relationship
Total 1.00 / 1.00
Question 5
Which of the following is the major conclusion of the Benjamin Libet’s experiment?
Your Answer Score
Our awareness of decisions arises before the neural states responsible for them
Our awareness of decisions arises only after the neural states responsible for them
Corre
ct
1.00
Our awareness of decisions can be detected using the position of the dot on the oscilloscope timer when "he/she was first aware of the wish or urge to act."
Total 1.00 /
1.00
Question 1
Which of the following is the definition of perceptual decisions?
Your Answer Score
Decisions in which the aim of the decision-maker is to categorize ambiguous (or noisy) sensory information
Correct (rational) decisions perceived by the majority of people as optimal
Financial decisions based on perceptual evidences
Inorre
ct
0.00
Total 0.00 /
1.00
Question 2
Which of the following is the correct statement?
Your Answer Score
Theoretically diffusion model can be implemented in quite different designs (cortical models) of the neuronal networks
Corre
ct
1.00
Diffusion model can be implemented only in one unique design (cortical model) of the neuronal networks
Diffusion model can be implemented only in Shadlen and Newsome (SN) and Usher and McClelland (UM) cortical models
Total 1.00 / 1.00
Question 3
Which of the following is the correct function of the DLPFC (dorsolateral prefrontal cortex)?
Your Answer Score
The DLPFC is sensitive to faces and houses
To DLPFC encodes financial consequences of perceptual decisions
The DLPFC integrates sensory evidence from sensory processing areas to make a perceptual decision
Corre
ct
1.00
Total 1.00 / 1.00
Question 4
Select the correct statement
Your Answer Score
The same brain region is sensitive to houses and faces ("house & face detector")
Separation brain regions are sensitive to houses ("house detector") and faces ("face detector")
Corre
ct
1.00
The brain is not specialized to process houses and faces separately
Total 1.00 / 1.00
Question 5
Which of the following statements is suggested by race model?
Your Answer Score
One integrator accumulates the evidence for two alternatives as faster as possible
Separate integrators accumulate the evidence for two alternatives
Accumulation of the evidence for two alternatives is similar to a horse race – a very unpredictable process
Inorre
ct
0.00
Total
Question 1
Which of the following features of single cell recording encodes the ongoing process of decision making?
Your Answer Score Explanation
Number of synapses
Firing rate
Correct 1.00
Structure of ion channels
Total 1.00 / 1.00
Question 2
Why do “decision-making” neurons integrate sensory evidence over time and do not make decisions
immediately?
Your Answer Score
To improve decisions, because the incoming evidence is noisy
Corre
ct
1.00
Because the speed of the neuronal activity is limited
Because these neurons are waiting for the information delivered by reward-related centers
Total 1.00 / 1.00
Question 3
Which of the following does the neuroeconomics fMRI studies suggest?
Your Answer Score
The diffusion model could be a general mechanism by which the human brain computes decisions
Corre
ct
1.00
The LIP neurons reacts adaptively to the levels of evidence supporting the wining alternative
The diffusion model could represent a very special case, normally the human brain computes decisions differently
Total 1.00 / 1.00
Question 4
Through which of the following do honey bees signal the information on new colony site?
Your Answer Score Explanation
Specific sounds produced by moving bees
Color of wings
Frequency at which bees wings vibrate
Wiggle dances
Correct 1.00
Total 1.00 / 1.00
Question 5
Which of the following describes perceptual decision task correctly?
Your Answer Score
Monkeys make decision about the direction of random-dot motion and perform the appropriate eye-movement response
Corre
ct
1.00
Monkeys decide whether to react to random-dot motion by the appropriate eye-movement response or not
Monkeys predict the direction of random-dot motion and perform the appropriate eye-movement response before they see the stimuli
Total
Question 1
Which of the following is decision making stages in a right order?
Your Answer Score
representation, valuation, action selection, outcome evaluation, learning
Correct 1.00
representation, action selection, outcome evaluation, learning
valuation, representation, action selection, learning, outcome evaluation
valuation, representation, action selection, outcome evaluation, learning
Total 1.00 / 1.00
Question 2
Which of the following is the neuroeconomics definition of utility?
Your Answer Score
our preferences shaped by evolution, genes and social contexts
the hormonal response during decision-making
the average firing rate of populations of specialized neurons
a measure of the desirability of a consequence of an action
Inorrect 0.00
Total 0.00 / 1.00
Question 3
Which of the following is the neurobiological definition of value?
Your Answer Score
value is subjective for each individual animal
value is something for which a person or an animal will work for
Correct 1.00
values could not be measured
values are modulated by our inner states
Total 1.00 / 1.00
Question 4
Which of the following processes are encoded in the activity of the nucleus accumbens? (Multiple choices are
allowed)
Your Answer Score Explanation
expected rewards
Correct 0.50
perceptual decisions
Inorrect 0.00
learned rewards
Correct 0.50
self-control
Inorrect 0.00
Total 1.00 / 1.00
Question 5
Which of the following is not a subtype/variation of utility suggested by neuroeconomics?
Your Answer Score Explanation
predicted utility
remembered utility
cardinal utility
Correct 1.00
decision utility
experienced utility
Total 1.00 / 1.00
Question 1
Which of the following is decision making stages in a right order?
Your Answer Score
valuation, representation, action selection, learning, outcome evaluation
representation, action selection, outcome evaluation, learning
representation, valuation, action selection, outcome evaluation, learning
Correct 1.00
valuation, representation, action selection, outcome evaluation, learning
Total 1.00 / 1.00
Question 2
Which of the following is the neuroeconomics definition of utility?
Your Answer Score
our preferences shaped by evolution, genes and social contexts
the hormonal response during decision-making
the average firing rate of populations of specialized neurons
Correct 1.00
a measure of the desirability of a consequence of an action
Total 1.00 / 1.00
Question 3
Which of the following is the neurobiological definition of value?
Your Answer Score
values could not be measured
values are modulated by our inner states
value is something for which a person or an animal will work for
Correct 1.00
value is subjective for each individual animal
Total 1.00 / 1.00
Question 4
Which of the following processes are encoded in the activity of the nucleus accumbens? (Multiple choices are
allowed)
Your Answer Score Explanation
self-control
Inorrect 0.00
learned rewards
Correct 0.50
perceptual decisions
Inorrect 0.00
expected rewards
Correct 0.50
Total 1.00 / 1.00
Question 5
Which of the following correlates with activity of the nucleus accumbens? (Multiple choices are allowed)
Your Answer Score Explanation
product category
Inorrect 0.00
anticipated utility
Correct 0.17
language skills
Correct 0.50
product preference
Correct 0.17
Total 0.83 / 1.00
Question 1
Which of the following is an example of hyper-releasers?
Your Answer Score
Hyper-effective neuromediator (e.g. dopamine)
Extremely strong activation of an emotional brain area
Inorrect 0.00
Toys with hyper-emphasized baby features
Total 0.00 / 1.00
Question 2
Which of the following statement is not true?
Your Answer Score
Emotional meaning of some stimuli is learned
Emotional meaning of some stimuli is innate
Emotions are heuristics
Utility is encoded in the activity of brain areas that are not involved into affective (emotional) processes
Corre
ct
1.00
Total 1.00 / 1.00
Question 3
Which of the following is the main assumption of the theory of the Limbic System?
Your Answer Score
Limbic system is a set of brain areas that is critical for decision-making
Limbic system is the evolutionary new system and its formation was connected with a dramatic revolution in the social, emotional and parent behavior of mammalians in comparison with reptiles
Corre
ct
1.00
Limbic system is a set of brain areas that is involved into generation of fear reaction
Total 1.00 / 1.00
Question 4
Which of the following is the key set of brain regions involved in valuation and emotional processes?
Your Answer Score
Visual cortex, hippocampus, parietal cortex
Motor cortex, cerebellum, fusiform gyrus
Nucleus accumbens, amygdala and orbitofrontal cortex
Correct 1.00
Total 1.00 / 1.00
Question 5
Which of the following is the appropriate conclusion for Baba Shiv's (2005) experiment?
Your Answer Score
Patients, abnormal in experiencing emotional reactions, are not influenced by the emotional reactions associated with the outcomes of preceding rounds, so that they are risks averse
Patients, abnormal in experiencing emotional reactions, are not influenced by the emotional reactions associated with the outcomes of preceding rounds, so that they always make suboptimal decisions
Patients, abnormal in experiencing emotional reactions, are not influenced by the emotional reactions associated with the outcomes of preceding rounds, so that they are risks seeking
Corre
ct
1.00
Total 1.00 /
1.00
Question 1
Which of the following is an example of hyper-releasers?
Your Answer Score
Extremely strong activation of an emotional brain area
Hyper-effective neuromediator (e.g. dopamine)
Inorrect 0.00
Toys with hyper-emphasized baby features
Total 0.00 / 1.00
Question 2
Which of the following statement is not true?
Your Answer Score
Emotional meaning of some stimuli is innate
Emotional meaning of some stimuli is learned
Utility is encoded in the activity of brain areas that are not involved into affective (emotional) processes
Corre
ct
1.00
Emotions are heuristics
Total 1.00 / 1.00
Question 3
Which of the following results from the damage of the limbic system?
Your Answer Score
Visual impairments
Deafness
Crucial abnormalities in sexual, emotional, social and feeding behavior
Correct 1.00
Total 1.00 / 1.00
Question 4
Do signals from our body (e.g. gastric distension) modulate hunger and satiety?
Your Answer Score Explanation
Yes
Correct 1.00
It is unknown
No
Total 1.00 / 1.00
Question 5
Which of the following is the conclusion of Antoine Bechara's (1997) experiment?
Your Answer Score
Patients with lesions in the orbitofrontal cortex start to choose advantageous behaviour in the gambling task, after realizing the consequences of their action
Emotional biases of normal subject occur even before the subject becomes aware of the goodness or badness of the choice s/he is about to make
Corre
ct
1.00
Knowledge is sufficient to ensure advantageous behaviour
Total 1.00 /
1.00
Question 1
Which of the following is a right order of decision making stages?
Your Answer Score
representation, valuation, action selection, outcome evaluation, learning
Correct 1.00
valuation, representation, action selection, outcome evaluation, learning
valuation, representation, action selection, learning, outcome evolution
representation, action selection, outcome evaluation, learning
Total 1.00 / 1.00
Question 2
According to Daniel Kahneman, which of the following is not a characteristic of the System One?
Your Answer Score Explanation
Serial
Automatic
Inorrect 0.00
Parallel-processing system
Fast
Emotionally charged
Total 0.00 / 1.00
Question 3
Which of the following is correct?
Your Answer Score
TMS of the right DLPFC substantially increases subjects’ willingness to reject unfair offers.
TMS of the right DLPFC substantially reduces subjects’ willingness to reject unfair offers.
Corre
ct
1.00
TMS of the right DLPFC substantially increases subjects’ trust.
Total 1.00 / 1.00
Question 4
Which of the following is correct?
Your Answer Score
The TMS of the dorsolateral prefrontal cortex (DLPFC) increases subjects’ willingness to reject unfair offers.
The activity of the dorsolateral prefrontal cortex (DLPFC) is dynamically adjusted by valuation responses in “valuation” regions.
Inorre
ct
0.00
The dorsolateral prefrontal cortex (DLPFC) dynamically adjusts valuation responses in “valuation” regions.
Total 0.00 / 1.00
Question 5
Which of the following is correct?
Your Answer Score
Unfair offers are more likely to be rejected with greater insular activation.
Corre
ct
1.00
Unfair offers are more likely to be rejected after TMS of the dorsolateral prefrontal cortex (DLPFC).
Unfair offers are more likely to be accepted with greater dorsolateral prefrontal cortex (DLPFC) activation.
Total 1.00 /
1.00
Question 1
Which of the following statements is not true? (multiple answer possible)
Your Answer Score
Delayed neural activity at the ventral striatum correlates with perceived risk
Inorrect 0.00
Delayed neural activity at the ventral striatum correlates with expected reward
Correct 0.50
Immediate neural activity at the ventral striatum correlates with expected reward
Inorrect 0.00
Immediate neural activity at the ventral striatum correlates with perceived risk
Correct 0.50
Total 1.00 / 1.00
Question 2
Which of the following statements is not true?
Your Answer Score
Financial traders show a lower emotional response during riskier financial situations
Inorrec
t
0.00
Financial traders do not react emotionally to risky financial situations
Financial traders show a stronger emotional response during riskier financial situations
Total 0.00 / 1.00
Question 3
Which of the following is not true?
Your Answer Score
Anticipation of viewing erotic pictures decreases financial risk taking, and this effect is partially mediated by
increases in the ventral striatum activation.
Anticipation of viewing erotic pictures decreases financial risk taking only among female subjects, and this effect is partially mediated by increases in the ventral striatum activation.
Anticipation of viewing erotic pictures increases financial risk taking, and this effect is partially mediated by increases in the ventral striatum activation.
Corre
ct
1.00
Total 1.00 / 1.00
Question 4
Which of the following is often used to identify the individual level of risk aversion?
Your Answer Score Explanation
Brian Knutson‘s index
Inorrect 0.00
Certainty equivalent
The size of the mediodorsal thalamic nucleus.
Total 0.00 / 1.00
Question 5
Which of the following is not true?
Your Answer Score
Increasing activity of the anterior insula increases the probability of a safe choice
Inorrec
t
0.00
Increasing activity of the anterior insula decreases the probability of a safe choice
Increasing activity of the ventral striatum increases the probability of a risky choice
Total 0.00 / 1.00
Question 1
Which of the following is the most popular definition of risk in economics?
Your Answer Score
Risk increases with the perceived chance that a bad outcome will occur
Inorrect 0.00
Risk is uncertainty/reward variance that follows an inversely quadratic function
Risk increases with the perceived chance of death
Total 0.00 / 1.00
Question 2
Which of the following describes "decision under ambiguity"?
Your Answer Score
The probability of occurrences is imprecise or unknown
Correct 1.00
The exact probability for all occurrences is known
Variance of outcomes is large
Total 1.00 / 1.00
Question 3
Which of the following is not true according to the anticipatory affect model?
Your Answer Score
Potential losses elicit a positive arousal-related response in the ventral striatum
Correc 1.00
t
Potential gains elicit a positive arousal-related response in the ventral striatum
Potential losses elicit a negative arousal-related response in the anterior insula
Positive arousal promotes approach to risk, negative arousal promotes avoidance of risk
Total 1.00 / 1.00
Question 4
Which of the following is not true?
Your Answer Score
Increasing activity of the ventral striatum increases the probability of a risky choice
Inorrec
t
0.00
Value of an option is encoded in the ventral striatum
Anterior insula activity is not related to risk aversion
Total 0.00 / 1.00
Question 5
Which of the following is not true?
Your Answer Score
Someone who is indifferent between € 48 for sure and a 50 % chance gamble of € 0 and € 100 is risk insensitive.
Someone who is indifferent between € 48 for sure and a 50 % chance gamble of € 0 and € 100 is risk seeking.
Inorre
ct
0.00
Someone who is indifferent between € 48 for sure and a 50 % chance gamble of € 0 and € 100 is risk averse.
Total 0.00 /
1.00
Question 1
Which of the following is the most popular definition of risk in economics?
Your Answer Score
Risk is uncertainty/reward variance that follows an inversely quadratic function
Correct 1.00
Risk increases with the perceived chance that a bad outcome will occur
Risk increases with the perceived chance of death
Total 1.00 / 1.00
Question 2
Which of the following is a "decision under risk"?
Your Answer Score Explanation
Investment to a Stock market
Rolling dice
Correct 1.00
Investment to Bonds
Total 1.00 / 1.00
Question 3
Which of the following is not true according to the anticipatory affect model?
Your Answer Score
Since most future events are subjectively uncertain, potential gains should elicit positive arousal (e.g., excitement) & neural activity in the ventral striatum
Uncertainty elicits increased emotional arousal
Positive arousal promotes approach, whereas the negative arousal promotes avoidance
Potential losses elicit negative arousal (e.g., anxiety) & neural activity in the anterior insula
Decisions under risk are encoded in the hippocampus
Corre
ct
1.00
Total 1.00 / 1.00
Question 4
Which of the following indicates a higher degree of risk aversion, given the same lottery?
Your Answer Score Explanation
A smaller certainty equivalent
Correct 1.00
A smaller risk premium
A larger certainty equivalent
Total 1.00 / 1.00
Question 5
Which of the following is not true?
Your Answer Score
Someone who is indifferent between € 48 for sure and a 50 % chance gamble of € 0 and € 100 is risk insensitive.
Someone who is indifferent between € 48 for sure and a 50 % chance gamble of € 0 and € 100 is risk averse.
Corre
ct
1.00
Someone who is indifferent between € 48 for sure and a 50 % chance gamble of € 0 and € 100 is risk seeking.
Total 1.00 / 1.00
Question 1
Which of the following is true?
Your Answer Score Explanation
Chimpanzees will never give tools to others who need them
Inorre
ct
0.00
Chimpanzees will take some efforts to help humans
Chimpanzees will never release hooks to send food to other hungry chimpanzees
Total 0.00 / 1.00
Question 2
Which of the following is an example of mutualism?
Your Answer Score Explanation
Interaction of bees and flowers
Corre
ct
1.00
Tendency of capuchin monkeys to overvalue the food they own
Cooperation of chimpanzees and their offspring
Total 1.00 / 1.00
Question 3
Which of the following is suggested by Biological Market theory?
Your Answer Score Explanation
Cleaners should give priority to residents over roamers
Cleaners should give priority to non-predators
Cleaners should give priority to roamers over residents
Corre
ct
1.00
Cleaners should give priority to predators but cheat them
Total 1.00 / 1.00
Question 4
Which of the following is true?
Your Answer Score Explanation
Capuchin monkeys do not reject unequal pay supporting the assumptions of traditional economics
Inorre
ct
0.00
Capuchin monkeys reject unequal pay—which people do as well— that goes against the assumptions of traditional economics
Capuchin monkeys are not sensitive to perceived inequity
Total 0.00 / 1.00
Question 5
Which of the following is true according the Biological Market theory?
Your Answer Score Explanation
The exchange of commodities in primate groups has not been found
The exchange of commodities in primate groups is a trading on a market with exchange rates fluctuating from day to day depending on supply and demand
Corre
ct
1.00
The exchange of commodities in primate groups is fundamentally different from a trading on a market with exchange rates fluctuating from day to day depending on supply and demand
Total
Question 1
Which of the following is true?
Your Answer Score Explanation
When working jointly with a partner on a task that should result in both actors receiving a reward, 4-year-olds continue to work only until they received their own reward and ignoring weather the partner received a reward or not
When working jointly with a partner on a task that should result in both actors receiving a reward, 3.5-year-olds will only focus on own payoffs (outcomes)
When working jointly with a partner on a task that should result in both actors receiving a reward, 3.5-year-olds continue to work until the partner has received his/her reward even if they have already received their own reward earlier in the process
Corre
ct
1.00
Total 1.00 /
1.00
Question 2
Which of the following is the definition of mutualism?
Your Answer Score Explanation
Mutualism is a form of cooperation within species
Mutualism is a standard Behavioral Economics game
Mutualism is a biological interaction between two organisms of different species, where each individual derives a fitness benefit
Corre
ct
1.00
Total 1.00 / 1.00
Question 3
Which of the following are skills that are important in the selection of cooperative partners according to Biological
Market theory? (Multiple choices are allowed)
Your Answer Score Explanation
Judging the partner’s quality
Correct 0.17
Memory for the partner’s quality and location
Correct 0.17
Judging the honesty of signals
Correct 0.17
Judging the partner’s hierarchy position
Inorrect 0.00
Total 0.50 / 1.00
Question 4
Which of the following is true?
Your Answer Score Explanation
Capuchin monkeys do not reject unequal pay supporting the assumptions of traditional economics
Capuchin monkeys reject unequal pay—which people do as well— that goes against the assumptions of traditional economics
Corre
ct
1.00
Capuchin monkeys are not sensitive to perceived inequity
Total 1.00 / 1.00
Question 5
Which of the following is a true according the Louise Barrett and Peter Henzi study?
Your Answer Score Explanation
Baboon mothers of rare infants were not able to extract a higher price (longer grooming) than mothers in a troop full of babies
Inorre
ct
0.00
Baboon mothers never give an access to their infants
Baboon mothers of rare infants were able to extract a higher price (longer grooming) than mothers in a troop full of babies
Total 0.00 / 1.00
