Research into Whether Personality Traits Can Be Diagnosed by Descriptions

question 52

Multiple Choice

Research into whether personality traits can be diagnosed by descriptions of ink blots has shown that

• A) novices sometimes detect illusory covariations but experts do not.
• B) both novices and experts are successful in finding true covariations.
• C) novices are often better than experts at detecting true covariations, as they are less likely to be affected by confirmation bias.
• D) the pattern of observations that both experts and novices see is often not real but rather based on illusory covariations.

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Definitions:

Municipal Bond

A debt security issued by a state, municipality, or county to finance its capital expenditures, usually exempt from federal taxes and, in some cases, state and local taxes.

Corporate Bond

A type of debt security issued by a corporation to raise funds from investors, who are owed repayment of the loan plus interest.

Futures Contract

A Futures Contract is a legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.