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Gamblers exhibit a variety of cognitive and motivational biases that distort the perceived odds of occasions Which impact their Choices for gambles.
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Ratio bias. Gamblers will prefer gambles with worse odds which can be drawn from a big sample (e.g., drawing one particular crimson ball from an urn containing 89 crimson balls and 11 blue balls) to higher odds which can be drawn from a small sample (drawing 1 crimson ball from an urn that contains nine pink balls and one blue ball).[60]
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