Answer: The representativeness heuristic
We erroneously judge the sequence of coin tosses "heads, tails, heads, heads, tails" to be more "random" than "heads, heads, heads, tails, tails." Which of the decision making heuristics is the MOST DIRECTLY related to this bias often referred to as the gambler's fallacy?
The representativeness heuristic
The availability heuristic
The anchoring and adjustment heuristic
Step-by-step explanation:
The gambler's fallacy is an erroneous belief that the frequency of random events in the past indicates less probability of their occurrence in the future.
The representativeness heuristic is a shortcut that uses an evaluation of the similarity of objects to group them together or excludes the chances of an event occurring based on their similarities. A gambler who believes heads, tails, head to be more likely than heads, heads, heads is displaying both the gambler's fallacy and the representativeness heuristic