Which of the Following Is Not an Example of the Fallacy

question 33

Multiple Choice

Which of the following is not an example of the fallacy of composition?

• A)If I can get to work fastest by taking the interstate, so can everyone else.
• B)If you can only get away from it all by going to Fairbanks, everyone who needs to get away should go to Fairbanks.
• C)If the quickest way to get off a sinking ship is to run to the nearest lifeboat, all the passengers should do this.
• D)If the best TV reception can be gotten with a Couch Potato antenna, then everyone should have a Couch Potato antenna.
• E)If I can get a better view by standing up at the baseball game, everyone gets a better view by standing up.

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Definitions:

Flood Insurance

A specific form of insurance designed to protect homeowners against property loss due to flooding, often required in high-risk flood areas.

Risk Aversion

Risk aversion is a preference for avoiding loss over making a gain, characterizing individuals or entities that prefer certainty to uncertainty in investment decisions.

Equilibrium

An equilibrium state in the market where demand equals supply, resulting in steady prices.

Independent Events

In probability theory, events that do not affect the occurrence of one another.