When Gamblers Believe That a String of Losses Must Soon

question 97

Multiple Choice

When gamblers believe that a string of losses must soon be followed by wins, they are exhibiting

• A)an attribution error.
• B)selective memory.
• C)magnified gambling skill.
• D)the gambler's fallacy.

---

Definitions:

Variance

A statistical measure that represents the dispersion or spread of a set of data points around their mean.

Laws of Expected Value

Theorems in probability theory that describe the behavior of the expected value of a random variable, including properties like linearity.

Probability Distribution

This function computes the likelihood of various potential outcomes of an experiment.

Standard Deviation

A metric quantifying the extent of difference or scatter among a group of figures.