“Hi Michael, I’m sitting in a class on cognitive psychology and there is a term the professor has introduced called transductive reasoning. Here’s an example: A child hears a dog bark and then sees a train arrive. He concludes that the train comes because the dog barks. The professor told us that transductive reasoning is characteristic of children between 2 and 7 years of age. I think she could add economic and financial media blitz to her list.”
There are many to add to the list:
“Dow goes up. Economy must be improving!”
Reminds me of Pavlov. Or a little different?