The Gambler’s Fallacy Explained

Thursday, January 14th, 2010

Suppose someone offered to bet you that he could flip a coin ten times and it would come up heads every time. He let you pick the coin so you could be sure it was a fair coin. What kind of odds would you give him to make the bet? 100-to-1? 1,000-to-1? You could offer [...]

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