Although Hal did not win the drawing for the statewide lottery, which sells thousands of tickets, he is much more confident of winning the drawing for the nationwide lottery, which sells millions of tickets. The reason is that whereas he bought just one ticket for the statewide game, he bought ten tickets for the nationwide one. Hal's reasoning is an example of

A. the ratio bias effect.
B. the gambler's fallacy.
C. representativeness.
D. fundamental attribution error.
E. a self-serving bias.


Answer: A

Business

You might also like to view...

Sydney is paying close attention to Professor Escobar’s lecture on AI (artificial intelligence). She hopes to learn a great deal by using which type of listening?

A. appreciative B. comprehensive C. critical D. empathetic

Business

Which of the following is likely to occur if a company has too many territories?

A) A salesperson would spend too much time traveling. B) Salespeople would fight over the geographic boundaries. C) It would increase a salesperson's income. D) A salesperson will not get enough time for selling.

Business

Which of the following is correct?

a. check digits should be used for all data codes b. check digits are always placed at the end of a data code c. check digits do not affect processing efficiency d. check digits are designed to detect transcription and transposition errors

Business

Project management software specifically supports the long-term and day-to-day management and execution of the steps in a _______.

Fill in the blank(s) with the appropriate word(s).

Business