In the Case in Point on P

question 143

Multiple Choice

In the Case in Point on P.O.W.camps, the point was made that:

• A) people may attempt to maximize utility in normal situations, but when under the stress of being a prisoner such "rational" behavior disappears.
• B) people generally tend to behave in ways that are consistent with utility-maximizing behavior.
• C) tastes and preferences are irrelevant when considering the indifference curves of people from different cultures.
• D) French and British prisoners of war were grateful for any provisions they received and tended to consume all of what they were given in similar quantities.

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Survivor Bias

The analytical error of focusing on the surviving subjects of a study or process and overlooking those that did not survive due to lack of visibility.

Broad Sample

A wide-ranging or extensive group of people or items selected from a population, used for research or statistical analysis.

Survivor Bias

A logical error that involves focusing on the people or things that survived some process and inadvertently overlooking those that did not because of their lack of visibility.