Gambler's Fallacy

One concept. Four tiers of command. Which do you speak?

Category: Cognition

Foundational Lexicondue for a win
Executive Parlanceindependence neglect
Scholarly Discourseprobability sequence error
Babel ZenithMonte Carlo Fallacy
Origin: Probability Theory

Etymology & Meaning

Believing past events affect future probabilities in independent events.

In the Boardroom

'We've had three bad quarters; we're due for a good one.'

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