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gambler's fallacy definition english

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noun. The fallacy that a particular outcome of one of a series of repeated, statistically independent trials is less likely if that same outcome has already occurred frequently, or more likely if it has occurred infrequently. The gambler's fallacy is based on the false belief that separate, independent events can affect the likelihood of another random event, or that if something happens often that it is less likely that the same will take place in the future. Define gamblers' fallacy. gamblers' fallacy synonyms, gamblers' fallacy pronunciation, gamblers' fallacy translation, English dictionary definition of gamblers' fallacy. n psychol the fallacy that in a series of chance events the probability of one event occurring increases with the number of times another event has occurred... gamblers' fallacy noun psychol the fallacy that in a series of chance events the probability of one event occurring increases with the number of times another event has occurred in succession Gambler’s Fallacy is explained wonderfully in this academic paper from Berkeley University. It is a psychological belief that an event is less likely to occur in the future when it has occurred often in the past. gamblers' fallacy in British English. noun. psychology. the fallacy that in a series of chance events the probability of one event occurring increases with the number of times another event has occurred in succession. Collins English Dictionary. In an article in the Journal of Risk and Uncertainty (1994), Dek Terrell defines the gambler's fallacy as "the belief that the probability of an event is decreased when the event has occurred recently." In practice, the results of a random event (such as the toss of a coin) have no effect on future random events. Gambler's Fallacy / Monte Carlo Fallacy The term gamblers fallacy is also commonly known as the Monte Carlo fallacy. It refers to a mistaken belief that since the occurrence of something is happening more frequent, its frequency is likely to diminish in the future or vice versa. Gambler's fallacy refers to the erroneous thinking that a certain event is more or less likely, given a previous series of events. It is also named Monte Carlo fallacy, after a casino in Las Vegas... gambler's fallacy. Definition (British English) fallacy: Definition (American English) fallacy: Thesaurus, synonyms, antonyms fallacy: Etymology fallacy: der Spielerfehlschluss

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gambler's fallacy definition english

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