gamblers' fallacy

Related to gamblers' fallacy: Post hoc fallacy

gamblers' fallacy

n
(Statistics) psychol the fallacy that in a series of chance events the probability of one event occurring increases with the number of times another event has occurred in succession
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The gamblers' fallacy leads people to believe that a series of negative days must be followed by a positive.
Opportunity knocks as stock markets rock
Carry on winning: The gamblers' fallacy creates hot hand effects in online gambling.
THE INFLUENCE OF SELF-REGULATION IN HEURISTICS AND BIASES USED IN CONSUMER DECISION MAKING/A INFLUENCIA DA AUTORREGULACAO NAS HEURISTICAS E VIESES UTILIZADOS NO PROCESSO DE TOMADA DE DECISAO
The "Gamblers' Fallacy" leads people to believe that a series of negative days must be followed by a positive.
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