Asked by Arnel Salcedo on Jun 05, 2024

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Malcolm has been watching a roulette-type game at a local charity bazaar.The game has only 10 numbers on the wheel,and every number except 8 has come up as a winner during the last 15 minutes.Malcolm decides to bet $10 on number 8,because it has to come up eventually.What has influenced Malcolm's choice in this case

A)  gambler's fallacy 
B)  availability heuristic 
C)  base rate fallacy 
D)  conjunction fallacy

Gambler's Fallacy

The misconception that a departure from what occurs on average or in the long term will be corrected in the short term.

Roulette-Type Game

A gambling game in which a ball is dropped onto a spinning wheel with numbered compartments, with players betting on where the ball will come to rest.

Charity Bazaar

Denotes a fundraising event organized to raise money for charitable causes, often featuring sales of goods and various entertainments.

  • Develop an awareness of how cognitive biases and heuristics contribute to our decision-making and the perception of our surroundings.
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Huang DanielJun 08, 2024
Final Answer :
A
Explanation :
Malcolm's decision is influenced by the gambler's fallacy, which suggests that past events influence the probability of future outcomes in a random process. However, in reality, each spin of the roulette wheel is an independent event, and the probability of number 8 coming up is still the same as it was before.