Anders Is Betting Mischa on Whether a Tossed Coin Will

question 47

Multiple Choice

Anders is betting Mischa on whether a tossed coin will land on heads or tails.Anders has bet heads the last four times and has lost each time.If on the next toss he bets heads again and says,"It's got to be heads,heads is overdue," what does his reasoning illustrate

• A) the conjunction fallacy
• B) the gambler's fallacy 
• C) the base rate fallacy
• D) the overestimation fallacy

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Definitions:

Iroquois

A historically powerful northeast Native American confederacy known for its political and organizational skills, encompassing several tribes.

Huron Nation

A confederation of four Iroquoian-speaking Native American tribes who lived in the Great Lakes region, known for their role in the fur trade in the 17th century.

English Civil Wars

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century over governance and religious issues.

Oliver Cromwell

A key figure in English history who led the parliamentary forces in the English Civil War and later served as the Lord Protector of the Commonwealth of England, Scotland, and Ireland.