The Text Suggests That Illusory Covariations Arise from the Fact

question 23

Multiple Choice

The text suggests that illusory covariations arise from the fact that participants

• A) base their covariation estimates only on a small sample of the data that are available to them.
• B) are generally dogmatic and make their judgments with little regard for the data.
• C) do not know how to compute covariation, so they use an estimation strategy that is little better than guessing.
• D) do not know how to make these judgments, so performance improves once the participant gains some expertise.

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Definitions:

Military Goods

Military goods are products and services designed specifically for use by armed forces, including weapons, equipment, and support services.

External Cost

Costs incurred by a third party who did not agree to the action causing the cost, typically associated with environmental, health, and social impacts.

Equitable Distribution

The fair and impartial division of resources or wealth among all members of a society.

Government Role

The responsibilities and activities undertaken by a government, including the creation and enforcement of laws, economic regulation, and public services.