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After Watching Five Coin Tosses Land on Tails, Pete Bets

question 3

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After watching five coin tosses land on tails, Pete bets $200 that the next toss will land on heads. What heuristic is most likely guiding Pete's thinking?


Definitions:

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding to incorporate new information.

Assimilation

The mental activity of assimilating new data into pre-existing frameworks, conceptions, and comprehension.

Cognitive Development

The construction of thought processes, including remembering, problem solving, and decision-making, from childhood through adolescence to adulthood.

Applied Research

Research meant to provide practical solutions to immediate problems.

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