Whether or Not Policymakers Should Try to Make Our Society

question 45

Multiple Choice

Whether or not policymakers should try to make our society more egalitarian is largely a matter of:

• A)political philosophy
• B)economic efficiency
• C)altruistic concern for others
• D)common sense

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Definitions:

Overconfidence Bias

The tendency to hold a subjective belief unreasonably confidently, making someone believe their ability, or the accuracy of their information, is higher than it actually is.

Confirmation Bias

The bias towards finding, interpreting, selecting, and recollecting evidence in ways that validate one's prior beliefs or notions.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, known also as the "I-knew-it-all-along" effect.

Eyewitness

A person who directly observes an event, like a crime, and can provide testimony about what happened.