This effect has been observed across multiple studies

And we choose the option that seems more representative of the overall picture,regardless of its actual probability.This effect has been observed across multiple studies,including ones with participants who understood statistics well?from students betting on sequences of dice rolls,to foreign policy experts predicting the likelihood of a diplomatic crisis.The conjunction fallacy isn just a problem in hypothetical situations.Conspiracy theories and false news stories often rely on a version of the conjunction fallacy to seem credible?