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Question
Give two examples of the representative bias which arise from people's misconceptions about chance.
A classic example of the representative bias which arises from people's misconceptions about chance is the "gambler's fallacy." Most people truly believe that every flip of coin or pull of the slot is somehow connected to previous actions even though each of those events is completely random and independent.
Answer
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Related questions
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Which of the following is an example of adverse impact?
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