If 12 consecutive tosses of a fair coin have all been tails,some individuals tend to think that the next one "must be heads." This is an example of the ________ fallacy.
A) casino's
B) dealer's
C) gambler's
D) masked-man
E) hot-hand

Question

Quizplus · Accepted Answer

This is an example of the gambler's fallacy which is the belief that future probabilities are altered by past events when, in fact, they are unchanged. In this case, the belief that the next toss will be heads is not influenced by the previous 12 tails since each coin toss is an independent event and the probability of getting heads or tails remains the same every time.

If 12 Consecutive Tosses of a Fair Coin Have All