Gambler's Fallacy - Reverse Fallacy

Reverse Fallacy

The reversal is also a fallacy (not to be confused with the inverse gambler's fallacy) in which a gambler may instead decide that tails are more likely out of some mystical preconception that fate has thus far allowed for consistent results of tails. Believing the odds to favor tails, the gambler sees no reason to change to heads. Again, the fallacy is the belief that the "universe" somehow carries a memory of past results which tend to favor or disfavor future outcomes.

Read more about this topic:  Gambler's Fallacy

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