Questions: Map and Territory

5 questions to test your understanding

Score: 0 / 5
Question 1 Multiple Choice

A manager builds a detailed financial model predicting strong performance for an investment. When it performs poorly, she argues the market was irrational and her analysis was still fundamentally correct. What error in reasoning is this?

AAvailability heuristic — she is focusing on recent information about the investment
BTreating the map as the territory — she is defending her model against disconfirming evidence rather than updating it to match reality
CConfirmation bias — she only looked at positive indicators when building her model
DThe gambler's fallacy — she expects the investment to eventually return to what her model predicts
Question 2 Multiple Choice

Which best describes what makes a belief a good 'map'?

AIt is simple and easy to explain to others
BIt accurately captures every detail of reality without omission
CIt reliably predicts observations and compresses information usefully without systematically misleading
DIt is logically consistent with all other beliefs the person holds
Question 3 True / False

The map-territory distinction implies that because our beliefs are typically imperfect representations, we can seldom have confident knowledge about the world.

TTrue
FFalse
Question 4 True / False

When a prediction based on your beliefs turns out to be wrong, the rational response is to update the belief rather than reinterpret the outcome as consistent with it.

TTrue
FFalse
Question 5 Short Answer

Give an example of map-territory confusion from everyday life and explain what the rational correction would be.

Think about your answer, then reveal below.