Multiple Choice
The fact that we do not immediately pick up on the fact that a large country like China may have a small proportion of rich people but still have a very large number of rich can be attributed to:
A) A failure to understand base rates.
B) The conjunction fallacy.
C) The failure to distinguish between correlation and causation.
D) The failure to distinguish between conjunctive and disjunctive events.
Short essay type questions
Correct Answer:

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Correct Answer:
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