bn:00485926n
Noun Named Entity
Categories: Cognitive inertia, Behavioral finance, Cognitive biases, Gambling terminology, Games (probability)
EN
gambler's fallacy  Gamblers Fallacy  Monte carlo paradox  D'Alembert system  fallacy of the maturity of chances
EN
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the incorrect belief that, if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future, when it has otherwise been established that the probability of such events does not depend on what has happened in the past. Wikipedia
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EN
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the incorrect belief that, if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future, when it has otherwise been established that the probability of such events does not depend on what has happened in the past. Wikipedia
Mistaken belief that more frequent chance events will lead to less frequent chance events, or vice versa, to balance out Wikidata