Gabby flips a fair coin and it shows heads.When trying to guess what the coin will show on the next flip,Gabby guesses heads because she thinks it is more likely to occur than tails since the coin showed heads on the last flip.Gabby suffers from the:
A) gambler's fallacy.
B) gambler's myth.
C) hot-hand fallacy.
D) hot potato fallacy.
Correct Answer:
Verified
Q24: A person is dynamically consistent if:
A) his
Q25: Projection bias:
A) is the tendency to evaluate
Q26: Gabby flips a fair coin and it
Q27: A person is dynamically inconsistent if:
A) lapses
Q28: Behavioral economists view the standard economic theory
Q30: Pre-commitment is:
A) a solution for dynamic inconsistency.
B)
Q31: The hot-hand fallacy:
A) is the belief that
Q32: A dieter who prefers to eat small
Q33: Lily wants to invest in the stock
Q34: A person is dynamically inconsistent if:
A) lapses
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