Psychology: The gambler's fallacy: the belief that after 5× heads,…

Question

Did you know? The gambler's fallacy: the belief that after 5× heads, tails "must come more" to "balance out". False — the coin has no memory. Casinos thrive on this error: many think a roulette wheel that's landed red 7× is "due" for black — while the odds are still 50/50. Such gamblers go bust faster than more rational players.

Accepted Answer

The gambler's fallacy: the belief that after 5× heads, tails "must come more" to "balance out". False — the coin has no memory. Casinos thrive on this error: many think a roulette wheel that's landed red 7× is "due" for black — while the odds are still 50/50. Such gamblers go bust faster than more rational players.

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