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Name a behavioral probability judgement bias

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Reference no: EM133078517

Suppose the probability of your favorite sports team winning their next game is 60%, winning the game after that is 70%, and winning the game after that is 40%. Each of these winning probabilities is independent of the results of the previous game. What is the probability that your team wins each of its next three games? Name a behavioral probability judgement bias relevant to this situation, and in which direction does it move the judged probability relative to the true probability?

Reference no: EM133078517

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