This notion is the mistaken belief that the current probability of event is influence by prior random events (e.g. ,flipping a coin and the person get heads 8 times,s/he believes that the 9ᵗʰ coin flip is more likely to be tails).
A)Sunken Costs
B)Adjustment from Anchor Heuristic
C)Gambler's Fallacy
D)Inclusion Fallacy

Question

Quizplus · Accepted Answer

The description matches the definition of the Gambler's Fallacy, which is the belief that prior random events can influence the current probability of an event.

This Notion Is the Mistaken Belief That the Current Probability