A heuristic is: A. a flash of insight. B. a guiding principle or “rule of thumb” used in problem solving or decision making. C. a methodical procedure for trying all possible solutions to a problem....

A heuristic is:

A. a flash of insight.

B. a guiding principle or “rule of thumb” used in problem solving or decision making.

C. a methodical procedure for trying all possible solutions to a problem.

D. a way of making a compensatory decision.

The belief that the probability of heads is higher after a long string of tails:

A. is rational and accurate.

B. is an example of the “gambler’s fallacy.”

C. reflects the influence of the representativeness heuristic.

D. is both B and C.