162 books
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29 voters
Gambling
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Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler's fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That's what is at the root of
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― The Drunkard's Walk: How Randomness Rules Our Lives
― The Drunkard's Walk: How Randomness Rules Our Lives
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There is a lure in power. It can get into a man's blood just as gambling and lust for money have been known to do.
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2 members,
last active 13 years ago
Great books that deal around gambling, addiction, and sex.
5 members,
last active 14 years ago
...December 10, 2011 to January 09, 2012...
18 members,
last active 43 days ago














































