Malcolm has been watching a roulette-type game at a local charity bazaar. The game has only ten numbers on the wheel, and every number except 8 has come up as a winner during the last 15 minutes. Malcolm decides to bet R10 on number 8, because it has to come up eventually. In this case, Malcolm is showing evidence of

A) the availability heuristic.
B) the gambler's fallacy.
C) the base rate fallacy.
D) the conjunction fallacy.

Gambler's Fallacy

The erroneous belief that if an event occurs more frequently than normal during some period, it will happen less frequently in the future, or vice versa.

Roulette-Type Game

A gambling game in which players bet on which compartment of a revolving wheel a small ball will come to rest in.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.