In a county fair,Ben and Jerry observe the same random sequence of coin tosses: H, T, T, H, H, H, Н. Ben does not know that the coin is fair.When asked about what he thinks the next outcome in the sequence will be, he says there is a 60% chance it will be H. What cognitive bias is consistent with Ben's answer, and why? Please answer in at most two sentences. Jerry knows that the coin is fair (i.e., with equal probability of H or T occurring in a coin toss). When asked about what he thinks the next outcome in the sequence will be, he says there is a 60% chance it will be T. What cognitive bias is consistent with Jerry's answer, and why? Please answer in at most two sentences.

In a county fair,Ben and Jerry observe the same random sequence of coin tosses: H, T, T, H, H, H, Н. Ben does not know that the coin is fair.When asked about what he thinks the next outcome in the sequence will be, he says there is a 60% chance it will be H. What cognitive bias is consistent with Ben's answer, and why? Please answer in at most two sentences. Jerry knows that the coin is fair (i.e., with equal probability of H or T occurring in a coin toss). When asked about what he thinks the next outcome in the sequence will be, he says there is a 60% chance it will be T. What cognitive bias is consistent with Jerry's answer, and why? Please answer in at most two sentences.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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