In: Economics
1-5 Pitfalls to Avoid in Scientific Thinking 8. What types of misinterpretation result from confusing correlation and causation? Do any of the following statements involve fallacies? If so, which ones? Because sitting in the back of the classroom is correlated with getting lower grades in the class, students should always sit closer to the front of the classroom. Historically, the stock market rises in years the NFC team wins the Super Bowl and falls when the AFC wins the Super Bowl; I am rooting for the NFC team to win for the sake of my investment portfolio. Gasoline prices were higher last year than in 1970, yet people purchased more gas, which contradicts the law of demand...