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Malcolm has been watching a roulette-type game at a local charity bazaar. The game has only 10 ...

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Malcolm has been watching a roulette-type game at a local charity bazaar. The game has only 10 ...

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?

▸ gambler's fallacy

▸ availability heuristic

▸ base rate fallacy

▸ conjunction fallacy

Textbook

Psychology: Themes and Variations

Edition: 5^th

Authors: Weiten, McCann

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