After watching five coin tosses land on tails, Pete bets $200 that the next toss will land on heads. What heuristic is most likely guiding Pete's thinking?

Question

Quizplus · Accepted Answer

Pete is likely using the representative heuristic, which involves making judgments based on how well something matches our stereotypes or expectations. In this case, Pete might believe that after a series of tails, a head is "due," which is a common misconception about randomness and probability.

After Watching Five Coin Tosses Land on Tails, Pete Bets