Search results
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event (whose occurrences are independent and identically distributed) has occurred less frequently than expected, it is more likely to happen again in the future (or vice versa).
Learn what the gambler's fallacy is, how it affects your thinking, and how to avoid it. The gambler's fallacy is the mistaken belief that past events influence future outcomes in independent situations, such as coin tosses or dice rolls.
Sep 21, 2023 · Learn what gambler's fallacy is, how it affects investors and traders, and how to avoid it. Gambler's fallacy is the false belief that a random event is more or less likely based on previous outcomes.
Learn what the gambler's fallacy is, how it affects your thinking and decision-making, and why it happens. Find out how to avoid this cognitive bias and understand the role of independent events and the law of large numbers.
Apr 18, 2024 · Learn what the gambler's fallacy is, why it's wrong and how it affects your betting decisions. See examples of coin flips, roulette and craps where past events have no influence on future outcomes.
Oct 29, 2023 · Learn what the gambler's fallacy is, how it affects our decisions and predictions, and why it is based on a false belief. See examples of the gambler's fallacy in casino games, finance, and legal contexts.
Learn what gambler's fallacy is, why we fall for it, and how it affects our decisions. The Decision Lab explains the bias with examples, causes, and solutions.
