(Solution Library) Suppose a friend named Megan indicates that she has had a string of "bad luck." Within the past month, she has had to have the alternator replaced
Question: Suppose a friend named Megan indicates that she has had a string of "bad luck." Within the past month, she has had to have the alternator replaced on her car, start taking thyroid medication because she was diagnosed as being hypothyroid, and buy a new television because the picture tube went bad on her old television. Megan concludes that she should not have any more problems for a while. Is she assuming the "gambler’s fallacy?" Explain.
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![[Steps Shown] The table below shows the](/images/solutions/MC-solution-library-54313.jpg "[Steps Shown] The table below shows the breakdown of actual status")
[Steps Shown] The table below shows the breakdown of actual status
![[See Steps] Manny, Moe, and Jack are](/images/solutions/MC-solution-library-54314.jpg "[See Steps] Manny, Moe, and Jack are all monopolists, but each")
[See Steps] Manny, Moe, and Jack are all monopolists, but each
![[See Solution] If negative externalities result in](/images/solutions/MC-solution-library-54315.jpg "[See Solution] If negative externalities result in more output")
[See Solution] If negative externalities result in more output
![[See Steps] Why are governments less hostile](/images/solutions/MC-solution-library-54316.jpg "[See Steps] Why are governments less hostile to natural monopolies")
[See Steps] Why are governments less hostile to natural monopolies
(Steps Shown) The economy of Florin is given by the equations: Y
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