Multiple Choice
Joe is betting Jim on whether a tossed coin will land on heads or tails. Joe has bet heads the last four times and has lost each time. If on the next toss he bets heads again and says, "It's got to be heads, heads is overdue" his reasoning illustrates the
A) base rate fallacy.
B) gambler's fallacy.
C) conjunction fallacy.
D) overestimation fallacy.
Correct Answer:
Verified
Correct Answer:
Verified
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