What is the Gambler's fallacy?
Q: What is the Gambler's fallacy?
A: The Gambler's fallacy is a misconception about statistics.
Q: What are other names for the Gambler's fallacy?
A: Other names for the Gambler's fallacy are Monte Carlo fallacy or fallacy of the maturity of chances.
Q: What is the probability of a random event occurring?
A: The probability of a random event occurring is certain.
Q: What is the fallacy associated with the Gambler's fallacy?
A: The fallacy associated with the Gambler's fallacy is that if the event has occurred more frequently in the past, it will occur less frequently in the future; or that if it has been less frequent in the past, it will be more frequent in the future.
Q: Does the past occurrence of an event have any effect on the probability of the event occurring in the future?
A: No, the past occurrence of an event has no effect on the probability of the event occurring in the future.
Q: Is the Gambler's fallacy common in gambling?
A: Yes, the Gambler's fallacy is common in gambling.
Q: Is the Gambler's fallacy a true representation of statistics?
A: No, the Gambler's fallacy is not a true representation of statistics.
