Amanda has lost some money she needs for next semester's tuition.While betting on red,the roulette wheel has come up with five blacks in a row.To try to get her money back,Amanda is now doubling up her bet each time on red,believing that red will come up soon.She bases her belief on the (roughly)50/50 odds of red and black occurring over a large number of spins of the wheel.Amanda's strategy appears to be based on ________.

Question

Quizplus · Accepted Answer

Amanda's strategy is based on the representativeness heuristic, which is the tendency to judge the probability of an event based on how closely it resembles a typical example or prototype. In this case, Amanda believes that red is "due" to come up since there have been five blacks in a row, which is not necessarily true since each spin is an independent event with no memory of the previous outcome.

Amanda Has Lost Some Money She Needs for Next Semester's