As Discussed in the Text, There Are a Number of Cognitive

question 68

Multiple Choice

As discussed in the text, there are a number of cognitive tendencies found among gamblers that have the effect of encouraging these people to keep gambling. One of the MOST common is the tendency to see losses as ____.

• A) "near wins" (not losses at all)
• B) "par for the course" (as a certain number of losses are expected)
• C) "practice runs" (helping to improve technique in the long term)
• D) "not their fault" (special exceptions due to circumstances)

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Definitions:

Speed Limits

Legal restrictions on the maximum speed at which vehicles may travel on a road.

Binomial Experiment

A statistical experiment that satisfies four conditions: a fixed number of trials, only two possible outcomes, independence of trials, and a constant probability of success.

Independent Trials

Experiments or trials in which the outcome of one trial does not affect the outcome of any other trials.

Binomial Experiment

A statistical experiment that has two possible outcomes for each trial and a fixed number of trials, where each trial is independent of the others.