gambler's fallacy
The gambler's fallacy is the erroneous belief that past outcomes in a random event influence the future outcomes, leading individuals to believe that if an event has occurred more frequently in the past, it is less likely to happen in the future, or vice versa.
Requires login.
Related Concepts (10)
Similar Concepts
- all-or-nothing fallacy
- causal fallacies
- circular reasoning fallacy
- false dichotomy fallacy
- gambler's fallacy in finance
- gambler's ruin
- gamblers fallacy
- gamblers' fallacy
- genetic fallacy
- logical fallacy
- planning fallacy
- regression fallacy
- slippery slope fallacy
- statistical fallacy
- the hasty generalization fallacy