Question

05Question(6 points)

Your instructor is very conscientious and always makes sure that exam answers are randomly distributed. However, you notice that the first five answers on the true/false section are all “false.” Unsure what this pattern means, you consider the sixth question.

If you are subject to the gambler's fallacy, you would answer ____________

to the sixth question.

If you are subject to the hot hand fallacy, you would answer ____________

to the sixth question.

Answer 1

If you are subject to the gambler's fallacy, you would answer TRUE to the sixth question.

This is because according to Gambler's fallacy, when a certain random event more or less likely happened in a series in the past, like "False" in the above case. Then an individual strongly believes that the coming future attempt of that event will go in the opposite of the past series that is "True" for the above case.

If you are subject to the hot hand fallacy, you would answer FALSE to the sixth question.

This is because according to hot hand fallacy, when a certain random event more or less likely happened in a series in the past, like "False" in the above case. Then the individual becomes highly confident that the next attempt will be having the same result as those of the earlier results, that is "False" in the above case.