GAMBLER'S FALLACY

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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., Sam M.S., "GAMBLER'S FALLACY," in PsychologyDictionary.org, May 11, 2013, https://psychologydictionary.org/gamblers-fallacy/ (accessed December 8, 2022).

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