LSAT 127 – Section 2 – Question 14

LSAT 127 - Section 2 - Question 14

December 2003

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Question
QuickView		 Type Tags Answer
Choices		 Curve Question
Difficulty		 Psg/Game/S
Difficulty		 Explanation
PT127 S2 Q14
+LR
Strengthen +Streng
Causal Reasoning +CausR
Sampling +Smpl
A
1%
158
B
15%
163
C
3%
155
D
59%
165
E
21%
163
134
156
179
 +Harder 146.61 +SubsectionMedium

Psychologist: 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. 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.

Summarize Argument
The psychologist concludes that people who are very overconfident are more likely to start businesses than people who aren’t as overconfident. This is because, according to a study, entrepreneurs are more likely than business managers to be overconfident.

Notable Assumptions
The psychologist assumes that overconfidence makes it more likely that someone becomes an entrepreneur, rather than that being an entrepreneur makes it more likely one will be overconfident. The psychologist also assumes that the business managers in questions hadn’t attempted to start businesses and lost confidence as a consequence.

A
The questions asked of the entrepreneurs and business managers included personal, political, and business questions.
We don’t care what kind of questions had been asked. We want to strengthen the relationship between overconfidence and starting a business.
B
At least some of the entrepreneurs surveyed had accurately determined before attempting to start their businesses what the odds were against their attempts being successful.
We don’t care if entrepreneurs had accurately determined their odds. Most people know starting businesses is always a risky decision.
C
Another survey showed that degree of confidence was highly correlated with success in business.
We don’t care. The psychologist never claims that overconfident is what makes entrepreneurs successful.
D
The business managers who were most overconfident were found to have attempted to start businesses in the past.
Overconfident business managers had tried to start businesses in the past, which strengthens the relationship between overconfidence and entrepreneurship. This moreover suggests that entrepreneurship doesn’t itself cause overconfidence.
E
How confident each person surveyed was that his or her answers to the questions asked were correct corresponded closely to that person’s confidence in his or her business acumen.
The psychologist doesn’t say anything about business acumen. We care about the relationship between overconfidence and taking the risk to start a business.

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LSAT PrepTest 127 Explanations

Section 1 - Logical Reasoning

Section 2 - Logical Reasoning

Section 3 - Logical Reasoning

Section 4 - Reading Comprehension

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