• articlesuse
• 1405-06-19
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What is the Gambler’s Fallacy? The Gambler’s Fallacy, also known as the Monte Carlo Fallacy or the Fallacy of the Maturity of Chances, is a common misconception related to probability and randomness. This fallacious belief suggests that if an event occurs more frequently than normal during a given period, it will happen less frequently in the future, or vice versa. …