Examlex
In one state there is a lottery game called Pick 4. The state chooses 12 numbers from 46 numbers, and each player chooses 4 numbers from the same 46 numbers. If all 4 of a player's numbers are among the 12 numbers that the state picked, then that player is a "big winner." Find the probability of being a big winner. Round your answer to four decimal places.
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I knew it all along" effect.
Misinformation Effect
The tendency of misleading information presented after an event to alter the memories of the event itself.
Loftus
Refers to Elizabeth Loftus, a cognitive psychologist best known for her work on the malleability of human memory and the misinformation effect.
Slide Presentation
A collection of slides created using software like PowerPoint, designed to convey information visually during a presentation.
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