This Notion Is the Mistaken Belief That the Current Probability

question 23

Multiple Choice

This notion is the mistaken belief that the current probability of event is influence by prior random events (e.g. ,flipping a coin and the person get heads 8 times,s/he believes that the 9ᵗʰ coin flip is more likely to be tails) .

• A)Sunken Costs
• B)Adjustment from Anchor Heuristic
• C)Gambler's Fallacy
• D)Inclusion Fallacy

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Definitions:

Atherosclerosis

Form of cardiovascular disease characterized by the accumulation of fatty materials (usually cholesterol) in the arteries.

Cholesterol

A waxy type of lipid, necessary for the formation of cell membranes and certain hormones, but high levels in blood can increase heart disease risk.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to various parts of the body.

Clotting Process

The series of events in the body that lead to the formation of a blood clot, involving the activation, aggregation, and adhesion of platelets along with the deposition of fibrin.