What is the term for incorrectly estimating that the odds of two uncertain events happening together are greater than the odds of either event happening alone

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The term for incorrectly estimating that the odds of two uncertain events happening together are greater than the odds of either event happening alone is known as conjunction fallacy. This occurs because people tend to ignore statistical probabilities and instead rely on assumptions and stereotypes when making judgments. The other options - base rate fallacy, alternative outcome effect, and gambler's fallacy - refer to different cognitive biases related to probability estimation.

What Is the Term for Incorrectly Estimating That the Odds