Plays from YouTube
Gambler's Fallacy
Is Red Due After 26 Blacks?
- Thinking traps
- 56 s
Monte Carlo, 1913: black came up 26 times in a row, or so the famous story goes, and the gamblers bet on red. But a roulette wheel has no memory. Why streaks feel like they must even out, and why they don't.
Sources (3)
- Tversky & Kahneman, "Judgment under Uncertainty: Heuristics and Biases", Science 1974 (opens in a new tab)
- Croson & Sundali, "The Gambler's Fallacy and the Hot Hand: Empirical Data from Casinos", Journal of Risk and Uncertainty 2005
- The Fallacy Files, "The Gambler's Fallacy" (opens in a new tab)
