The Gambler Fallacy

The odds are always fifty-fifty. But most of us anticipate better odds, or better luck, after a bad streak, as if now we are due for good luck.

This ‘Gambler’s Fallacy’ assumes that probability as a whole has memory, and if the coin is flipped ten times and shows ‘head...

If you think your luck is bad, and is getting worse as the years pass, you might feel depressed and pessimistic about life in general.

Instead of feeling that the universe is against you, try to feel this:

THE UNIVERSE OWES YOU!

Like a flipped coin that is sh...

The random walk hypothesis says a stock’s past price movements are of absolutely no help in predicting future movements. In other words, it’s a random pro cess, like tossing a coin. We all know that even if a coin has come up heads ten times in a row, the probability of h...