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The Judgment Errors of the Gambler's Fallacy and the Illusion

Question 37

Multiple Choice

The judgment errors of the gambler's fallacy and the illusion of the "hot hand" have in common that both:


A) are errors in estimating randomness related to representativeness.
B) are errors based on hindsight bias related to availability.
C) seem plausible given what is known from probability theory.
D) depend on overconfidence and mistakes in metacognition.

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