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) Cold-hand fallacy

Question

Quizplus · Accepted Answer

Gabby believes that because the coin showed heads once, it is more likely to show heads again, which is indicative of the hot-hand fallacy, where one believes that a particular outcome is more likely following a streak of similar outcomes.

Gabby Flips a Fair Coin and It Shows Heads