Which of the Following Beliefs Are Examples of the Gambler's

question 17

Multiple Choice

Which of the following beliefs are examples of the gambler's fallacy?

• A)Random events are self-correcting.(For example if you are losing, believing that your luck is about to turn around.)
• B)The long-run frequency of an event should apply in the short term as well.(For example, "He's a 90% free throw shooter, and he's already missed 2 out of 3 tonight.There's no way he's going to miss this next one.")
• C)Knowledge of one event will help predict the next event, even though the events are independent.(For example, you may hear someone at the craps table saying to the person rolling the dice, "You're on a roll! Don't stop now!")
• D)All of the above.

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Definitions:

Noncommitment

An unwillingness or hesitation to make a decision or take a definitive stance on an issue.

Esteem Needs

Part of Maslow's hierarchy of needs, referring to the need for respect, self-esteem, and recognition from others.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that comprises a five-tier model of human needs, depicted as hierarchical levels within a pyramid; from the bottom of the hierarchy upwards, the needs are: physiological, safety, love and belonging, esteem, and self-actualization.

Recognition

The acknowledgment or appreciation of someone's effort, achievements, or status.