Experiments Suggest That People: (I) Accurately Estimate Their Own Abilities

question 111

Multiple Choice

Experiments suggest that people: (i) accurately estimate their own abilities
(ii) give an appropriate weight to a small number of vivid observations
(iii) interpret evidence to confirm beliefs they already have

• A)(i) and (ii)
• B)(i) and (iii)
• C)(ii) and (iii)
• D)(iii) only

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Definitions:

Market Rate

The current price or interest rate at which goods, services, or securities are bought and sold in a competitive marketplace.

Bond Selling Price

The market price at which a bond is traded, which may be above (premium) or below (discount) its face value.

Par Value

The nominal or face value of a security or currency, as stated by the issuer.

Market Rate

The current price or rate at which goods, services, or securities are traded in the open market.