Monte Carlo fallacy
English edit
Etymology edit
From an incident which took place at the Casino de Monte-Carlo.[1]
Noun edit
Monte Carlo fallacy (uncountable)
- The fallacy, most often believed by gamblers, that a past random event influences the outcome of a future random event, that is, that a run of even numbers at roulette means that there is a greater chance of an odd number next time.
- Synonym: gambler's fallacy
References edit
- ^ Tom Stafford (2015 January 28) “Why we gamble like monkeys”, in BBC.com[1]: “This is known as the gambler's fallacy, and achieved notoriety at the Casino de Monte-Carlo on 18 August 1913. The ball fell on black 26 times in a row, and as the streak lengthened gamblers lost millions betting on red, believing that the chances changed with the length of the run of blacks.”
Further reading edit
gambler's fallacy on Wikipedia.Wikipedia
