Using What You Know About Non-Common Effects and Outcome Bias

question 15

Multiple Choice

Using what you know about non-common effects and outcome bias, consider the following example: Josh has to choose between behaviour A and behaviour B. Behaviour A produces only terror and behaviour B produces only joy. Can we tell anything about Josh's disposition based on his chosen behaviour?

• A) No, Josh's choice will not tell us anything about his disposition, because the behaviours have few non-common effects
• B) Yes, Josh's choice will tell us something about his disposition, because the behaviours have absolutely no non-common effects
• C) Yes, Josh's choice will tell us something about his disposition, because the behaviours have few non-common effects
• D) No, Josh's choice will not tell us anything about his disposition, because the behaviours have many non-common effects

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Definitions:

Probate Laws

The body of law that governs the process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries, and any debt owed to creditors is paid off.

Executor

An individual appointed to administer the estate of a deceased person, managing the distribution of assets according to the will.

Minor's Section 2503(c) Trust

A trust set up for the benefit of a minor according to Section 2503(c) of the Internal Revenue Code, allowing gifts to be made to the trust without incurring gift taxes.