Chase and Simon's Research Compared Memory of Chess Masters and Beginners

question 2

Multiple Choice

Chase and Simon's research compared memory of chess masters and beginners for the position of game pieces on sample chess boards.They found that the chess master remembered positions better when the arrangement of the pieces was consistent with a real game but not when the pieces were randomly placed.The significance of this finding was that

• A) experts show larger primacy and recency effects than beginners.
• B) knowledge in an area of expertise increases a person's digit span.
• C) expertise with some material reduces susceptibility to proactive interference with that material.
• D) chunking requires knowledge of familiar patterns or concepts.

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Definitions:

Nominal Yield To Maturity

The return an investor expects to earn if a bond is held until its maturity date, without adjusting for inflation.

Semiannual Coupon

A semiannual coupon refers to the interest payment made to bondholders twice a year.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Coupon Interest Rate

Yearly rate of interest on a bond, denoted as a percentage of its principal value.