Which of the following is an example of flawed inductive reasoning due to predictable-world bias?
A) Basing your assessment of the likelihood of a political candidate being elected based off your co-workers' preferences.
B) Believing a hedge fund will consistently beat the market in the future, because of its dominant performance over the last 3 years.
C) Gauging customer satisfaction of a product based on the voluntarily submitted comments on a product's webpage.
D) None of the answers is correct.

Question

Quizplus · Accepted Answer

This is an example of flawed inductive reasoning due to predictable-world bias because it assumes that past performance is an accurate predictor of future performance, despite the fact that the market is unpredictable and subject to change. This bias occurs when individuals assume that the world is more predictable than it actually is, leading them to make faulty generalizations based on limited information.

Which of the Following Is an Example of Flawed Inductive