GAMBLER'S FALLACY

By
N., Pam M.S.
-

failure to recognise a chance event and gives the belief that an outcome can be predicted that is based on chance outcomes in the past.

GAMBLER'S FALLACY: "Gambler's fallacy is based on a mistaken belief."

Related Psychology Terms

  1. BERNOULLI TRIAL
  2. EXPECTANCY
  3. EXPECTED FREQUENCY
  4. CAPITALIZATION ON CHANCE
  5. BERNOULLI TRIAL
  6. STAGES OF DYING
  7. BEHAVIORAL CONSISTENCY
  8. BINOMIAL DISTRIBUTION
  9. NEGATIVE IMAGERY
  10. ELEMENTARY EVENT
Cite this page: N., Pam M.S., "GAMBLER'S FALLACY," in PsychologyDictionary.org, May 11, 2013, https://psychologydictionary.org/gamblers-fallacy/ (accessed June 22, 2021).
SHARE