When playing roulette, you happen to notice that there is a display board showing the colors and numbers on which the ball has recently landed. By observing the string of 8 red colors in a row, you decide to place your bet on black as the most likely outcome for the next spin of roulette. You are making your decision based on

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The decision is based on the representativeness heuristic, where people assume that a short sequence of random events should represent the overall distribution, leading to the belief that black is "due" after a streak of red.

When Playing Roulette, You Happen to Notice That There Is