Monte Carlo fallacy
- Monte Carlo fallacy 1957, named for resort in Monaco famous for its gambling casinos. The fallacy of thinking that the probability of a particular outcome rises with the successive number of opposite outcomes. Contrary to the Monte Carlo fallacy, if the roulette wheel stops on black 99 times in a row, the chances that the 100th spin will be red are still just under 50-50.
Etymology dictionary. 2014.
Look at other dictionaries:
Monte Carlo fallacy — noun 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 … Wiktionary
Monte Carlo fallacy — See gambler s fallacy … Philosophy dictionary
Gambler's fallacy — The Gambler s fallacy, also known as the Monte Carlo fallacy (because its most famous example happened in a Monte Carlo Casino in 1913), and also referred to as the fallacy of the maturity of chances, is the belief that if deviations from… … Wikipedia
gambler's fallacy — Also known as the Monte Carlo fallacy. Either (i) the mistake of supposing that results on a system such as a roulette table will continue to display some pattern they have recently been showing (e.g. reds are ‘hot’), or (ii) the converse mistake … Philosophy dictionary
Gambling — ➡ nightlife * * * Betting or staking of something of value on the outcome of a game or event. Commonly associated with gambling are horse racing, boxing, numerous playing card and dice games, cockfighting, jai alai, recreational billiards and… … Universalium
List of philosophy topics (I-Q) — II and thou I Ching I Ching I proposition I Thou I Thou relationshipIaIamblichus (philosopher)IbYahya Ibn Adi Yahya Ibn Adi Ibn al Arabi Muhyi al Din Ibn al Arabi Abu Bakr Ibn Bajja Abu Bakr Ibn Bājja Abu Bakr Muhammad Ibn Yahya Ibn as Say igh… … Wikipedia
Roulette — For other uses, see Roulette (disambiguation). Spinning Roulette wheel with ball … Wikipedia
List of statistics topics — Please add any Wikipedia articles related to statistics that are not already on this list.The Related changes link in the margin of this page (below search) leads to a list of the most recent changes to the articles listed below. To see the most… … Wikipedia
literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… … Universalium
List of probability topics — This is a list of probability topics, by Wikipedia page. It overlaps with the (alphabetical) list of statistical topics. There are also the list of probabilists and list of statisticians.General aspects*Probability *Randomness, Pseudorandomness,… … Wikipedia