Deciphering the gambler's fallacy, the Monte Carlo method

The Gambler's Fallacy, also known as the Monte Carlo Fallacy, is a probability fallacy that claims that because something has happened many times, it is unlikely to happen next; or because something hasn't happened for a long time, it is likely to happen next .

The gambler's fallacy thinking is like this: toss a fair coin, and the more heads appear in a row, the smaller the chance of the next heads being thrown, the greater the chance of throwing the negatives.

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