Gabby flips a fair coin and it comes up heads.Gabby suffers from the gambler's fallacy if:
A) she thinks the coin will come up heads on the next flip because it came up heads on the previous flip.
B) she is more willing to bet on the outcome of the next flip.
C) she thinks the coin is less likely to come up heads because it came up heads on the previous flip.
D) she thinks the coin is equally likely to come up heads or tails on the next flip.
Correct Answer:
Verified
Q21: A person is dynamically consistent if:
A) his
Q22: A person is dynamically consistent if:
A) lapses
Q23: A person who is,all else equal,more willing
Q24: A person is dynamically consistent if:
A) his
Q25: Projection bias:
A) is the tendency to evaluate
Q27: A person is dynamically inconsistent if:
A) lapses
Q28: Behavioral economists view the standard economic theory
Q29: Gabby flips a fair coin and it
Q30: Pre-commitment is:
A) a solution for dynamic inconsistency.
B)
Q31: The hot-hand fallacy:
A) is the belief that
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