Multiple Choice
When confronted with "H H H H T T T T T T" as a summary of the results of a series of 10 flips of a coin,most people will view that series as "less random" than a summary of results that looks like "H H T H T T H T H T," even though the odds of a "head" on the next toss is 50/50 in each case.Why? Their estimates have been biased by
A) counterfactual thinking.
B) the availability heuristic.
C) the representativeness heuristic.
D) downward counterfactual thinking.
E) anchoring and insufficient adjustment.
Correct Answer:

Verified
Correct Answer:
Verified
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