Which of the following is an example of the gambler’s fallacy? question 20 options: "i know the chances of winning the lottery are small, but someone has to win it and i could be the one! " "i’ve gotten a low number the last eight times i’ve rolled the dice, so a high number is coming up soon! " "there’s an equal chance for any team to win the league’s championship." "the best strategy at the horse races is to bet in the same way as the crowd is betting."

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery