Identify Any Fallacies in the Following Passage Either by Naming

question 129

Short Answer

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
He: I believe everybody should be permitted to cheat.
She: That's absolutely ridiculous.
He: Why do you say that?
She: Well, assume that everyone were permitted to cheat. To say they are permitted to cheat means that it's all right for them to cheat, right? And if it's all right for them to cheat, then there's nothing wrong with cheating. But then, if there's nothing wrong with what they're doing, they wouldn't be cheating. So your suggestion is absurd.

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Definitions:

Exercise Price

The established price at which an option holder may execute the purchase (in a call option scenario) or sale (when dealing with a put option) of the related security or commodity.

European Call Option Delta

A measurement of the sensitivity of a European call option's price to a change in the price of the underlying asset.

European Put Option Delta

European Put Option Delta quantifies the sensitivity of the price of a European put option to changes in the price of the underlying asset, representing the price movement correlation.

Random Variable

A variable whose possible values are outcomes of a stochastic process, often used in probability and statistics.