Gambler’s Fallacy - Deepstash
Gambler’s Fallacy

Gambler’s Fallacy

Believing a random event is more or less likely to happen based on preceding events.

Example: The roulette ball landed on black the last four times, so you decide to put everything on red.

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aniyah_uj

"Money doesn't buy class." ~ Kiana Tom

This is the second part of 50 cognitive biases, as tweeted by Elon Musk. These are a must read for understanding human behaviour, including our own.

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