Bill spends hundreds of dollars a month buying lottery tickets hoping to get rich because he barely earns minimum wage. Bill is aware that the odds of winning any amount in the lottery are 1 in 7 million. Bill is guilty of
base rate neglect.
magical thinking.
economy of thought.
sunk cost fallacy.
base rate neglect.
You might also like to view...
Identify the process of assessing abnormal behavior and mental disorder
What will be an ideal response?
The "Living Will" would be supported by
a. people who adopt a quality-of-life philosophy. b. people who adopt a sanctity-of-life philosophy. c. people who favor passive euthanasia. d. all of the above. e. both b and c.
On the original Stanford-Binet, a person calculated IQ by dividing
a. MA by CA and multiplying by 100. b. CA by MA and dividing by 100. c. MA by CA and dividing by 100. d. CA by MA and multiplying by 100.
People with damage to their _____ lobe are MOST prone to memory misattribution.
A) frontal B) occipital C) temporal D) parietal