Bill spends hundreds of dollars a month buying lottery tickets hoping to get rich because he barely earns minimum wage. bill is aware that the odds of winning any amount in the lottery are 1 in 7 million. bill is guilty of:

The answer is base rate fallacy.

Explanation:

This type of fallacy describes someone who is willing to ignore general statistics because they think it won't apply to a specific situation. This reasoning might be used in debates or, in this example, for self-deception (as a defense mechanism).

Some experiments have shown that most people reccur to this fallacy. In other words, they prefer specific to general information.

they can increase to boost the enonomy.

answer; shared meaning;