Ratio bias. Gamblers will favor gambles with worse odds which can be drawn from a sizable sample (e.g., drawing one crimson ball from an urn that contains 89 red balls and eleven blue balls) to raised odds which can be drawn from a little sample (drawing one pink ball from an urn containing 9 purple balls and 1 blue ball).[sixty]
a single can also guess with A further individual that a statement is legitimate or Bogus, or that a specified occasion will come about (a "back again wager") or won't occur (a "lay wager") in a specified time. This occurs especially when two folks have opposing but strongly held sights on fact or functions.
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