GAMBLER'S FALLACY

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."
Cite this page: N., Pam M.S., "GAMBLER'S FALLACY," in PsychologyDictionary.org, May 11, 2013, https://psychologydictionary.org/gamblers-fallacy/ (accessed April 22, 2019).
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