Asked by
RiLee Pascoe
on Nov 27, 2024
Verified
What is reflected in the "gambler's fallacy"
A) law of small numbers
B) conjunction heuristic
C) availability heuristic
D) representativeness heuristic
Gambler's Fallacy
The erroneous belief that if a particular outcome occurs more frequently in a specific period, it will occur less frequently in the future, or vice versa.
Law Of Small Numbers
The cognitive bias whereby people draw broad conclusions from a small set of observations.
- Attain knowledge of and clarify the influence cognitive biases and heuristics exert on the process of making decisions.
Verified Answer
KC
Learning Objectives
- Attain knowledge of and clarify the influence cognitive biases and heuristics exert on the process of making decisions.
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