Dice Players Who Throw Softly to Get Low Numbers and Harder

question 17

Multiple Choice

Dice players who throw softly to get low numbers and harder to get high numbers are demonstrating

• A) the base-rate fallacy.
• B) the illusion of control.
• C) behavioural confirmation.
• D) regression toward the average.

---

Definitions:

Foreign Exchange Market

A financial market in which the currencies of different countries are traded.

Direct Quote

A representation of the exchange rate between two currencies, stating how much of the home currency is required to buy one unit of the foreign currency.

Forward Exchange Rate

The price agreed upon for a currency transaction that will occur at a future date, used to hedge against currency risk.

Premium

An amount paid in addition to the standard or nominal amount, often for insurance, superior products, or securities above their face value.