Tomas Recently Graduated with Honors from His College

question 147

Multiple Choice

Tomas recently graduated with honors from his college. He has bragged to his friends that his academic performance has prepared him so well for a successful career that he can find a job with ease and forget school or training in his future. In evaluating the future of the workplace, Tomas is

• A) exactly right. His past performance should carry him to success.
• B) completely wrong. Studies show that a college education has little to do with success.
• C) overconfident. Global competition means that continuous learning will be needed in the future to adapt to rapid changes.
• D) probably right. Specialized training today is a key to continued success in the future.

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Definitions:

Odds Increase

"Odds increase" implies that the probability or likelihood of a specific event or outcome happening is rising.

Gambler's Fallacy

The incorrect belief that future probabilities are altered by past events in a random process.

State Lottery

A government-regulated form of gambling which involves the drawing of numbers for a prize.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.