Indian Institute of Foreign Trade 2010 Solved Paper

Which statement does not reflect the true essence of the passage?
I. Tversky and Kahneman understood that small representative groups bias the research theories to generalize results that can be categorized as meaningful result and people simplify the real impact of passable portray of reality by small number of supporting facts.
II. Governmental economic releases on macroeconomic indicators fetch blind faith from investors who appropriately discount these announcements which are ideally reflected in the stock and bond market prices.
III. Investors take into consideration myopic gain and make it meaningful investment choice and fail to see it as a chance of occurrence.
IV. lrrational overreaction to key regulators expressions is same as intuitive statistician stumbling disastrously when unable to sustain spectacular performance.