Is my understanding correct that conjunction fallacy and gambler fallacy (page 133 of curriculum) forms part of CONFIRMATION BIAS?
I believe there is a distinct difference between each of these biases. Confirmation bias is the behaviour where one seeks to find information that confirms one’s believes and discounts contradictory facts.
Gambler’s fallacy is based on the misconception that probabilities will revert back to a mean after several occurrences that favour one side of events.
Conjunction fallacy is another misconception that a specific set of conditions is more probable than a single general one.
Gambler`s fallacy = mean-reverting.
Conjunction fallacy= people wrongly assume that two events are more likely to happen in conjunction that one event in isolation