When the "Abstract" Version of the Wason Four-Card Problem Is

question 4

Multiple Choice

When the "abstract" version of the Wason four-card problem is compared to a "concrete" version of the problem (in which beer, soda, and ages are substituted for the letters and numbers) ,

• A) performance is better for the concrete task.
• B) performance is better for the abstract task.
• C) performance is the same for both tasks.
• D) performing the abstract task improves performance of the concrete task.

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Definitions:

Resistance Level

A price point on a stock chart where selling pressure is thought to exceed buying pressure, making it difficult for the price to rise further.

The Dow Line

A reference to Dow Theory, focusing on the movements of the Dow Jones Industrial Average to predict market trends.

Put/call Ratio

A indicator measuring the trading volume of put options to call options, used to gauge investor sentiment in the market.

Bearish Signal

An indicator or trend suggesting that the price of an investment is likely to decrease.