People Tend to Judge as Valid Those Conclusions for Which

question 86

Short Answer

People tend to judge as valid those conclusions for which they can construct a real-world model,and judge as invalid those for which they cannot.If your prior knowledge,attitudes,or values distort your reasoning process by influencing you to accept invalid arguments,you have fallen victim to the __________ effect.

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Definitions:

GM Stock

Equity shares of General Motors Company, traded on stock exchanges.

December Futures Contracts

Futures contracts that are set to expire in the month of December, often traded for commodities or financial instruments.

Cotton

A natural fiber and a commodity traded globally, used primarily in the textile industry.

Profit Or Loss

The financial result of a company’s operations and activities for a specific period, indicating the difference between revenues and expenses.