The so-called "Gambler's Fallacy" makes the mistake of not recognizing
A) the low-probability events
B) the high-probability events
C) the independent-events situation
D) that losses occur more frequently than wins

Question

Quizplus · Accepted Answer

The Gambler's Fallacy occurs when one assumes that independent events are somehow related, and that a certain outcome is more likely because it has not happened recently. It is important to recognize when events are independent and not assume that previous outcomes have any effect on future outcomes. The fallacy is not related to the probability of events or the frequency of wins and losses.

The So-Called "Gambler's Fallacy" Makes the Mistake of Not Recognizing