Would you like to add or edit content here? Here's how you can have an account!


Gambler's Fallacy

From FreeThoughtPedia
Jump to: navigation, search

Contents

Definition

The gambler's fallacy is the belief that if deviations from expected behaviour or occurences are observed in repeated independent trials of some random process or event, then these deviations are likely to be evened out by opposite deviations or events in the future.

Examples

  • "The last four coin tosses were heads, therefor the next toss has a higher likelyhood of being tails."

Explanation

The coin toss is the best example of this fallacy. A fair coin has a 50% chance of landing heads up as tails up when tossed. Each toss is unaffected by previous tosses. The chances remain 50/50 for every toss.

External References


This site costs a lot of money in bandwidth and resources. We are glad to bring it to you free, but would you consider helping support our site by making a donation? Any amount would go a long way towards helping us continue to provide this useful service to the community.

Click on the Paypal button below to donate. Your support is most appreciated!

Personal tools
Partner Sites
Support Freethoughtpedia.com

Online Shop