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Ratio bias. Gamblers will want gambles with worse odds which have been drawn from a large sample (e.g., drawing one particular crimson ball from an urn that contains 89 red balls and 11 blue balls) to higher odds which have been drawn from a small sample (drawing one particular purple ball from an urn made up of 9 red balls and just one blue ball).[sixty]
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Gamblers exhibit many cognitive and motivational biases that distort the perceived odds of activities Which affect their Tastes for gambles.
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