When People Draw a Logical Conclusion on the Basis of Whether

question 17

Multiple Choice

When people draw a logical conclusion on the basis of whether it agrees with their everyday knowledge, they are demonstrating the

• A) affirming-the-consequent error.
• B) belief-bias effect.
• C) small-sample fallacy.
• D) Wason selection-task effect.

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Definitions:

Nominal Consideration

A token amount shown in a contract to indicate that a contract exists, often used to satisfy the legal requirement for a contract to be binding but not intended as a true economic value exchange.

New Car

Refers to a vehicle that has not been previously registered and comes directly from a dealership or manufacturer.

Brother

A male sibling or a man or boy in relation to other sons and daughters of his parents.

Past Consideration

A term in contract law meaning that an act done before a contract is made is not good consideration for the contract.