Gambler's Fallacy
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This page is part of the EvoWiki encyclopedia of fallacies. |
Contents |
Synonyms
- Fallacy of Statistics
- Gambler's
- Gambler's Mistake
- Monte Carlo
- Monte Carlo Fallacy
Explanation
The Gambler's Fallacy is a misunderstanding of the laws of probability, most notably the law of large numbers, to imply that independent random variables "even out" by active self-correction.
For instance, given four successive results of "heads" for a series of fair coin tosses, the fallacy implies that a result of "tails" is more probable for the next toss.
Category
Twin Fallacy
External Links
- Bruce Thompson [1]
- Fallacy Files [2]
- Internet Encyclopedia of Philosophy [3]
- Wikipedia [4]
- Skeptic's Dictionary [5]

