Most People Underestimate Their Ability to Predict Uncertain Outcomes

question 131

True/False

Most people underestimate their ability to predict uncertain outcomes.

---

Definitions:

Inductive Reasoning

A method of reasoning in which specific observations lead to a general conclusion or theory.

Deductive Reasoning

The use of general principles to predict specific outcomes. Often uses “if… then” statements.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Chemicals

Substances produced by or used in a chemical process, including both natural and synthetic materials.