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, where she believes that the outcome of the roulette wheel should reflect the expected 50/50 distribution in the short term, despite each spin being independent.

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