The Fact That People Spend Hundreds of Dollars on Mega

Multiple Choice

The fact that people spend hundreds of dollars on Mega Millions lottery tickets and actually believe that they have a strong chance of winning demonstrates how people tend to

A) overestimate the probability of rare events.
B) believe that future events in a random process will be affected by past events.
C) exaggerate the expected value of a future outcome.
D) ignore negative evidence when making a decision.