An Expectation May Fail to Be Rational If

question 7

Multiple Choice

An expectation may fail to be rational if

• A)relevant information was not available at the time the forecast is made.
• B)relevant information is available but ignored at the time the forecast is made.
• C)information changes after the forecast is made.
• D)information was available to insiders only.

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Definitions:

Electric Shocks

Sudden discharges of electricity through a part of the body, which can cause varying degrees of harm, from mild discomfort to severe injury.

Obedience Studies

Psychological research investigating how individuals comply with authority, notably exemplified by Stanley Milgram's experiments in the 1960s.

Refuse To Participate

The act of declining to take part in an activity, study, or experiment.

Risky Shift

The phenomenon where a group collectively decides on a course of action that is more extreme than they would have decided individually.