The gambler's fallacy:
A) is the belief that if an event has ever occurred, it is less likely to repeat.
B) is the belief that once an event has occurred, it is less likely to repeat.
C) is the belief that once an event has occurred several times in a row, it is more likely to repeat.
D) is the belief that if an event has never occurred, it is more likely to occur.

Question

Quizplus · Accepted Answer

The gambler's fallacy is the mistaken belief that if an event has occurred repeatedly, then it is less likely to occur again, or if an event has not occurred recently, then it is more likely to occur soon. However, in reality, each event is independent and the outcome of one event has no effect on the likelihood of another event. Therefore, choice B is the correct answer, as it aligns with the definition of the gambler's fallacy.

The Gambler's Fallacy