Consider the following scenario when answering the following questions:
Corey and Trevor are playing a coin-tossing game where each player,in turn,tosses a fair coin consecutively 10 times.The winner of the game is the player who tosses the most consecutive tails.Corey decides to go first and tosses tails five times in a row.Ricky and Julian are observing the game and have the following conversation before Corey attempts the sixth toss:
Ricky: The probability of Corey tossing tails has to be greater than 75 percent because he is on a roll!
Julian: No,Ricky,the probability of Corey tossing tails has to be less than 25 percent because he is due to toss heads.
-Ricky's statement is an example of the
A) Rickyism fallacy.
B) fallacy of single cause.
C) Sunnyvale fallacy
D) hot-hand fallacy.
E) gambler's fallacy.

Question

Quizplus · Accepted Answer

Ricky's statement is an example of the hot-hand fallacy, which is the belief that a person who experiences success with a random event is more likely to continue experiencing success in subsequent attempts. This fallacy assumes that there is a "hot hand" or a "streak," which can increase the probability of success, even though the events are completely independent of each other. In reality, the probability of Corey tossing tails on the sixth toss is still 50 percent, regardless of his previous results.

Consider the Following Scenario When Answering the Following Questions