Ratio bias. Gamblers will favor gambles with worse odds which are drawn from a big sample (e.g., drawing one crimson ball from an urn made up of 89 pink balls and 11 blue balls) to better odds that happen to be drawn from a little sample (drawing one pink ball from an urn containing 9 crimson balls and one particular blue ball).[71]
Gambling has become part of Singapore's historical past, nevertheless it was strictly controlled by The federal government for a few years. In the mid-twentieth century, illegal gambling was prevalent.
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