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Gamblers may exhibit many cognitive and motivational biases that distort the perceived odds of activities Which impact their preferences for gambles.
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Ratio bias. Gamblers will favor gambles with even worse odds which are drawn from a considerable sample (e.g., drawing a single crimson ball from an urn made up of 89 red balls and 11 blue balls) to better odds that happen to be drawn from a small sample (drawing one particular red ball from an urn that contains nine red balls and a person blue ball).[71]
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