Logical Fallacies Thread

....Allergies don't give you a stuffy nose, itchy/watery eyes, and itchy throat?

I tried ._.

I seem to suffer from the gambler fallacy that the more I gamble, the more chances I have of winning. I lost all my change that way. :mad:

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Originally Posted by Montoya

I seem to suffer from the gambler fallacy that the more I gamble, the more chances I have of winning. I lost all my change that way. :mad:

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Gambler fallacy is terrible. We're conditioned to find patterns in reality, and to base continuous patterns as indicative of a trend. Gambler's fallacy doesn't apply because its events are all chance based, rather than subject to trends.

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Originally Posted by Pureghetto

Quote:

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Originally Posted by Montoya

I seem to suffer from the gambler fallacy that the more I gamble, the more chances I have of winning. I lost all my change that way. :mad:

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Gambler fallacy is terrible. We're conditioned to find patterns in reality, and to base continuous patterns as indicative of a trend. Gambler's fallacy doesn't apply because its events are all chance based, rather than subject to trends.

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This is why the history board on the roulette wheel has been such a big money maker. People see that it's been red for five times in a row and think, "Wow, it has to hit black if it's been red so many times!" Then they plunk their money down and it hits red again. A roulette wheel has no memory. Every time is still a 50% chance of black, even if it's hit red two dozen times before that.