Logical Reasoning

PT127 · S2 · Q14 Psychologist: We asked 100 entrepreneurs

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Psychologist: We asked 100 entrepreneurs and 100 business managers to answer various questions and rate how confident they were that their responses were correct.

Evidence

We asked 100 entrepreneurs and 100 business managers to answer various questions and rate how confident they were that their responses were correct.

While members of each group were overconfident, in general the entrepreneurs were much more so than the business managers.

Conclusion

This indicates that people who are especially overconfident are more likely to attempt to start a business in spite of the enormous odds against success than people who are less confident.

Evaluate

Notice the shift in subject between the evidence and the conclusion. The evidence compares the average amount of overconfidence of two groups, while the conclusion is about people who are especially overconfident. To strengthen the conclusion, the correct answer should discuss people who are especially overconfident.

14.

Which one of the following, if true, lends the most support to the psychologist's conclusion?

  1. The questions asked of the

    Out of Scope

    The specific topic of each question is not relevant to whether there exists a strong correlation between those who are especially overconfident and those who start a business.

    1% picked this

  2. At least some of the

    Too Weak

    This does not establish that those who had determined the odds were against their attempts being successful may not be the ones who are especially overconfident.

    9% picked this

  3. Another survey showed that degree

    Out of Scope

    Whether those who are especially overconfident are successful in business does not speak to whether those who are especially overconfident are more likely to start a business.

    4% picked this

  4. Correct

    The business managers who were

    Why this is right

    This discusses those people who are especially overconfident and it connects them all to having started a business, thereby supporting the conclusion.

    Skill tested: Strengthen · how this choice captures the argument's function is the move to repeat next time.

    65% picked this

  5. How confident each person surveyed

    Irrelevant Comparison

    This connects confidence in one’s answers to confidence in one’s business acumen. But confidence in one’s business acumen is not the same as the likelihood that one will start a business.

    21% picked this

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