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Optimism/Desirability Bias. Gamblers also exhibit optimism, overestimating the chance that ideal events will come about. followers of NFL underdog groups, such as, will prefer to bet on their groups at even odds than to guess on the favourite, if the wager is $5 or $fifty.[58]
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Ratio bias. Gamblers will choose gambles with even worse odds which have been drawn from a substantial sample (e.g., drawing a single crimson ball from an urn that contains 89 crimson balls and eleven blue balls) to raised odds which are drawn from a small sample (drawing one red ball from an urn containing 9 pink balls and a person blue ball).[sixty]
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