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Gambler's fallacy

The thought that an event is not likely to occur based on the belief that there is a probable outcome with every situation. This thought process often leads to false assertions because circumstances can change thus altering the predicted outcome. For example, an investor may predict that a company's earnings will decline because they have increased for two consecutive quarters.

Related information about Gambler's fallacy:
  1. Gambler's fallacy - Wikipedia, the free encyclopedia
    The Gambler's fallacy, also known as the Monte Carlo fallacy (because its most famous example happened in a Monte Carlo Casino in 1913), and also referred ...
     
  2. Fallacy: Gambler's Fallacy
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  3. Gambler's Fallacy Definition | Investopedia
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  4. The Gambler's Fallacy
    Describes and gives examples of the gambler's fallacy.
     
  5. gambler's fallacy - The Skeptic's Dictionary - Skepdic.com
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  6. Critical Thinking Part 5: The Gambler's Fallacy - YouTube
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  7. Gambler's fallacy - RationalWiki
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  8. The Gambler's Fallacy and the Hot Hand: Empirical Data ... - cbees
    The gambler's fallacy is a belief in negative autocorrelation of a non- autocorrelated random ... If he believes in the gambler's fallacy, then after observing three ...