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Gambler's Fallacy

The gambler's fallacy is the mistaken belief that if a random event occurs more frequently than normal during a period, it will happen less frequently in the future, and vice versa. People think that past events affect the likelihood of future independent events, which isn't true.

For instance, if a fair coin lands on heads five times in a row, someone might believe that tails is more likely on the next flip to “even things out.” However, coin flips are independent events, so the probability of getting tails is still 50% on each flip, regardless of previous outcomes.

In data analysis, falling for the gambler's fallacy can lead to incorrect predictions and decisions.

Back to the Data Analysis Handbook


Courses

Fallacy Detectors Part 1

Fallacy Detectors Part 1

Develop the skills to tackle logical fallacies through a series of 10 science-fiction videos with activities. Recommended for ages 8 and up.

US$15

A Statistical Odyssey

A Statistical Odyssey

Learn about common mistakes in data analysis with an interactive space adventure. Recommended for ages 12 and up.

US$15

Symbolic Logic for Teens Part 1

Symbolic Logic for Teens Part 1

Learn how to make sense of complicated arguments with 14 video lessons and activities. Recommended for ages 13 and up.

US$15

Emotional Intelligence

Emotional Intelligence

Learn to recognize, understand, and manage your emotions. Designed by child psychologist Ronald Crouch, Ph.D. Recommended for ages 5 and up.

US$15

Worksheets

Symbolic Logic Worksheets

Symbolic Logic Worksheets

Worksheets covering the basics of symbolic logic for children ages 12 and up.

US$5

Elementary School Worksheets and Lesson Plans

Elementary School Worksheets and Lesson Plans

These lesson plans and worksheets teach students in grades 2-5 about superstitions, different perspectives, facts and opinions, the false dilemma fallacy, and probability.

US$10

Middle School Worksheets and Lesson Plans

Middle School Worksheets and Lesson Plans

These lesson plans and worksheets teach students in grades 5-8 about false memories, confirmation bias, Occam's razor, the strawman fallacy, and pareidolia.

US$10

High School Worksheets and Lesson Plans

High School Worksheets and Lesson Plans

These lesson plans and worksheets teach students in grades 8-12 about critical thinking, the appeal to nature fallacy, correlation versus causation, the placebo effect, and weasel words.

US$10

Statistical Shenanigans Worksheets and Lesson Plans

Statistical Shenanigans Worksheets and Lesson Plans

These lesson plans and worksheets teach students in grades 9 and up the statistical principles they need to analyze data rationally.

US$10