We Must Be Cautious About Accepting Patients' Statements About the Effectiveness

question 44

Multiple Choice

We must be cautious about accepting patients' statements about the effectiveness of electroconvulsive therapy (ECT) because they may be motivated to justify their experience or because they believed the treatment would work before starting.This reminds the critical thinker of the importance of

• A)supporting extraordinary claims with extraordinary evidence.
• B)falsifiable research questions.
• C)the principle of parsimony/Occam's Razor.
• D)ruling out rival hypotheses.

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Definitions:

Herfindahl Index

A measure used to assess the level of concentration and competition within an industry, calculated by summing the squares of market shares of all firms in the market.

Concentration Ratio

An economic metric that assesses the market share of the largest firms within an industry to evaluate the market's competitive landscape.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for differentiation and some degree of market power.