If You Commit the Gambler's Fallacy in Games of Chance

question 4

Multiple Choice

If you commit the gambler's fallacy in games of chance, then you fail to appreciate the fact that:

• A) each outcome is independent of previous outcomes.
• B) each outcome is dependent on previous outcomes.
• C) outcome probabilities change from trial to trial.
• D) each outcome is conditional on a prior outcome.

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Definitions:

Conflicts

Situations where two or more parties have incompatible goals, interests, or values.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings across eight stages of life.

Psychosocial Development

A concept in psychology that encompasses the influence of both psychological factors and social experiences on individual development across the lifespan.

Identity Versus Role Diffusion

A psychological stage proposed by Erikson indicating the conflict adolescents face in developing a clear sense of self or identity.