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Unformatted text preview: Normative questions involve value judgments and are often phrased as "Should we…" types of questions. Positive questions deal more with matters of fact and with the implications of policy decisions. 5. What are some logical pitfalls that often get in the way of our thinking clearly about important questions? Two common flaws in reasoning are the post hoc fallacy and the fallacy of composition. The post hoc fallacy occurs when we confuse "after" with "because." Just because one event follows another doesn't mean that the first event caused the second! The second fallacy occurs when we believe that what is true for a part of something is true for the whole....
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This note was uploaded on 09/14/2009 for the course ECON 304L taught by Professor Staff during the Fall '07 term at University of Texas.
- Fall '07