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The Famous Economist J M Keynes Observed "In the Long

Question 20

Multiple Choice

The famous economist J M Keynes observed "In the long run we are all dead".Which of the following is demonstrated by this statement?


A) Keynes was a victim of the law of large numbers.
B) Keynes was a victim of the gambler's fallacy.
C) Keynes, being an economist and not a psychologist, did not understand the central limit theorem.
D) Keynes's statement is a prediction and we should ignore it unless it is testing a theory or it is associated with a significant p-value.
E) None of the above.

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