The gambler's fallacy is most related to which of the following cognitive biases?
A) representativeness heuristic
B) availability heuristic
C) confirmation bias
D) fixation

Question

Quizplus · Accepted Answer

The gambler's fallacy is the belief that unusual or unlikely events will become more frequent or likely to occur due to previous outcomes. This is related to the representativeness heuristic, which is the tendency to rely on stereotypes or previous experiences to make decisions or judgments. In this case, the gambler is relying on the representation of how past events occurred to predict future events, which is not necessarily accurate.

The Gambler's Fallacy Is Most Related to Which of the Following