The tendency to perceive meaningful patterns in random sequences of outcomes often leads us to underestimate the extent to which outcomes result from

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The tendency to perceive meaningful patterns in random sequences of outcomes is known as the illusion of control or the gambler's fallacy. This leads us to underestimate the extent to which outcomes result from chance. Psychic powers or hidden values are not a rational explanation for random events, and curious skepticism does not necessarily relate to this phenomenon.

The Tendency to Perceive Meaningful Patterns in Random Sequences of Outcomes