According to the Principle of Falsifiability,a Scientific Theory Must Make

question 176

True/False

According to the principle of falsifiability,a scientific theory must make predictions that are specific enough to expose the theory to the possibility of disconfirmation.

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Definitions:

Interest Rate

The proportion of a specified sum that is added as a charge for borrowing it, usually stated as an annual rate.

Utility Function

A mathematical representation describing how a consumer ranks different bundles of goods according to levels of satisfaction.

Risk Averse

A preference for guaranteed outcomes over those with uncertainty, even if the uncertain outcomes might offer a higher expected return.

Coin-Flip Bet

A gambling proposition where the outcome is determined by the flip of a coin, representing a 50/50 chance of winning or losing.