Malcolm Has Been Watching a Roulette-Type Game at a Local

question 229

Multiple Choice

Malcolm has been watching a roulette-type game at a local charity bazaar.The game has only ten numbers on the wheel,and every number except 8 has come up as a winner during the last 15 minutes.Malcolm decides to bet $10 on number 8,because it has to come up eventually.In this case,Malcolm is showing evidence of

• A) the availability heuristic.
• B) the gambler's fallacy.
• C) the base rate fallacy.
• D) the conjunction fallacy.

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Definitions:

Globality

Describes a social condition characterized by the awareness and interconnectivity of global scale processes and phenomena, surpassing the concept of globalization.

Benjamin Barber

An American political theorist best known for his work on democracy and civic society, including the book "Strong Democracy."

Anthony Giddens

A notable sociologist from Britain, recognized for his structuration theory and comprehensive perspective on contemporary societies.

Ulrich Beck

A German sociologist known for his work on the risk society, individualization, and reflexive modernization.