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1. 2. The notion that people establish a reference point from which estimates or judgments can then be made is called Representativeness Mental Accounting Anchoring
1. 2. The notion that people establish a reference point from which estimates or judgments can then be made is called Representativeness Mental Accounting Anchoring Quasi-magical thinking The term used to describe the misperception that the more times a roulette wheel lands on black, the greater the likelihood of the next turn landing on red is called Hot hands syndrome Occam's Razor Winner's Curse Gambler's Fallacy
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