At freshman orientation, 1,500 students are asked to flip a coin 20 times. One student is crowned the winner (tossed 20 heads). This is most closely associated with
A) regret avoidance.
B) selection bias.
C) overconfidence.
D) the lucky event issue.

Question

Quizplus · Accepted Answer

The scenario described is an example of the lucky event issue, where out of a large number of participants performing a random task (like flipping a coin), it's statistically likely that at least one will have an outcome that seems highly improbable (like flipping 20 heads in a row), simply due to chance.

At Freshman Orientation, 1,500 Students Are Asked to Flip a Coin