Quiz

****The Quiz will be in class on Wednesday, April 20th****

• ‘‘Shell’’ for the Quiz—giving details about what questions will be on the Quiz.

• 2022 Big Quiz

• Answers to the 2022 Big Quiz

• Histogram for 2022 Big Quiz (Bottom line: anything above 70% is a great score! 70% is 21 questions right.)

Shorter Readings to be Tested on the Quiz (you do not need to read the appendices to any of the papers)

Note: If you have any trouble downloading these papers from the Dropbox link, just get them from the Norlin Library website.

• “Measuring the Essence of the Good Life,” Dan Benjamin, Kristen Cooper, Ori Heffetz and Miles Kimball

• “Challenges in Constructing a Survey-Based Well-Being Index,” by Dan Benjamin, Kristen Cooper, Ori Heffetz and Miles Kimball

• “The New Stylized Facts About Income and Subjective Well-being,” by Daniel Sacks, Betsey Stevenson, and Justin Wolfers

• “Subjective Well-Being and Income: Is There Any Evidence of Satiation?” by Betsey Stevenson and Justin Wolfers

• “Let's Set Half a Percent as the Standard for Statistical Significance,” by Miles Kimball

• “What Do You Think Would Make You Happier? What Do You Think You Would Choose?” by Dan Benjamin, Ori Heffetz, Miles Kimball and Alex Rees-Jones

• “Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference,” by Dan Benjamin, Ori Heffetz, Miles Kimball and Nichole Szembrot

Statistics Principles to be Tested on the Quiz

• Statistical algebra

• Whether or not OLS and IV are unbiased given an arrow diagram

• Whether the direction of bias is 0, +, - or ? given an arrow diagram with +’s and -’s on the arrows

• Using the false discovery rate to deal with multiple hypothesis testing. Note that “Who Leaves Mormonism?” and “A Well-Being Snapshot in a Changing World” use the false discovery rate approach. (These are optional readings that I won’t directly test.) On using the false discovery rate approach to a multiple-hypothesis-testing correction, remember that the 1st hypothesis has to be significant by the FDR standard before you can check for whether a second hypothesis is significant by that standard, and then the second hypothesis needs to be significant by the FDR standard before you can check whether a third hypothesis is significant by that standard, etc. That is, you have to go in order and be able to jump over each hurdle, or you have to stop.

Arithmetic with Diminishing Marginal Utility