Non-examples for gambler’s fallacy

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There are many scenarios where the gambler’s fallacy might superficially seem to apply, where it in fact does not. When the probability of different events is not independent, the probability of future events can change based on the outcome of … Read More

Gambler’s fallacy

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The gambler’s fallacy is a logical fallacy that mistakenly believes past events will affect future events when dealing with random activities, such as many gambling games. It can encompass any of the following misconceptions: A random event is more likely … Read More