Welcome to UCLA Anderson Review’s quiz, in which we aim to extract business and life lessons from faculty research we cover each month. Should a question pique your interest, you can click through to the Review article for a full explanation of the research. Give yourself a gold star if you answer all five questions correctly, but the real reward will be encountering useful and interesting information. Comments and suggestions welcome.
Schmoozing with co-workers can result in more favorable performance reviews, but involves the loss of personal time. Researchers used which economic unit to help people place a value on after-hours meet-ups with colleagues?
The price of a craft beer.
An hour’s pay at the job.
The cost of a bouquet of flowers to give the spouse kept waiting.
By one estimate, Americans collectively forgo $3.4 trillion in retirement benefits by claiming Social Security too early. What percentage of people, by gender, waits until age 70 for the biggest payoff?
2% of men, 4% of women.
36% of men, 14% of women.
11% of men, 19% of women.
One of the great mysteries of the stock market revolves around momentum investing, or buying shares that have recently been rising. What’s the big unknown?
Why people do it even though it’s a consistent money loser.
Why Warren Buffett doesn’t do it.
Why, when everyone knows about it, it remains a money maker.
Studying the reaction to how national leaders have confronted the coronavirus, researchers separate people according to those who view the COVID-19 pandemic as an epistemic uncertainty and those who see it as an aleatory uncertainty. Without consulting your dictionary, what’s meant by aleatory uncertainty?
An allegation, but unproven.
An absolute unknown, like a roll of the dice.
Something you’re unsure of because you didn’t quite hear the description.
Before the Federal Reserve stepped in to backstop the $10 trillion corporate bond market in March 2020, what did banks do to address panic selling?
Shut off all the phones and didn’t answer email.
Bought any bonds offered at the usual markup, serving as the front line of a systemic buffer against financial calamity.
Sparingly bought bonds and mostly insisted on a hefty price concession from the seller.