Gambler's fallacy
The belief that a run of identical outcomes changes the probability of the next one.
How to read the number
Five falls in a row do not raise the odds of a rise on the sixth day.
Also known as: gamblers fallacy
The belief that a run of identical outcomes changes the probability of the next one.
Five falls in a row do not raise the odds of a rise on the sixth day.
Also known as: gamblers fallacy