After Jake Set the Table, His Mother Asked Him Whether

question 122

Multiple Choice

After Jake set the table, his mother asked him whether he had put napkins on the table. Even though he hadn't, Jake replied "yes" and believed he had because he knew that putting napkins on the table was part of what he always did when he set the table. Jake's distorted memory is best explained as

• A) the result of remembering a script.
• B) being due to the small capacity of his working memory.
• C) a result of poorly organized knowledge.
• D) intentional lying.

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Definitions:

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Mean Reversion

The financial theory suggesting prices and returns eventually move back towards the mean or average.

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The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

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A coastal city in the U.S. state of California, known for its beaches, parks, and warm climate.