Failing to consider the law of large numbers most likely results in errors concerning
A) confirmation bias.
B) utility.
C) the falsification principle.
D) the representativeness heuristic.

Question

Quizplus · Accepted Answer

The law of large numbers states that as the sample size increases, the sample mean will tend to get closer to the population mean. Failing to consider this principle may lead to errors in judgement regarding the representativeness heuristic, which involves making predictions based on how well an example represents a particular category or population. Without taking into account the law of large numbers, people may make incorrect assumptions about the typicality of certain events or outcomes, leading to biases and errors in decision-making.

Failing to Consider the Law of Large Numbers Most Likely