Incorrectly estimating that the odds of two uncertain events happening together are greater than the odds of either event happening alone is known as the
A)conjunction fallacy.
B)alternative outcome effect.
C)gambler's fallacy.
D)base rate fallacy.

Question

Incorrectly estimating that the odds of two uncertain events happening together are greater than the odds of either event happening alone is known as the ​
A)conjunction fallacy.
B)alternative outcome effect.
C)gambler's fallacy.
D)base rate fallacy.

Quizplus · Accepted Answer

The conjunction fallacy occurs when people incorrectly believe that the combination of two events is more likely than either event occurring alone, which is a violation of basic probability principles.

Incorrectly Estimating That the Odds of Two Uncertain Events Happening