Data & ProbabilityProbability
The Gambler's Fallacy
After five heads, the coin still has no memory
Black has come up five times in a row. Everyone at the table is sure red is next. Would you bet with them?
You'll find out
- What a streak says about the next spin
- Why luck never has to even out
- The game where the past really counts
Why it matters
The same trap catches investors, sports fans and anyone who thinks a run of bad luck means good luck is owed.
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