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psandak
02.15.2013 , 04:03 PM | #51
Quote: Originally Posted by Khevar View Post
This argument is bordering on the "Gambler's Fallacy" Here is a halfway decent explanation of that concept: http://en.wikipedia.org/wiki/Gambler's_fallacy

Note that people with the Gambler's Fallacy make casinos very happy.
Very enlightening, but the statement below (quoted from wikipedia), makes all our attempts to change people's minds moot

Quote:
The gambler's fallacy is a deep-seated cognitive bias and therefore very difficult to eliminate. For the most part, educating individuals about the nature of randomness has not proven effective in reducing or eliminating any manifestation of the gambler's fallacy.