Gambler's fallacy is a cognitive bias that occurs when individuals believe that past random events influence the likelihood of future random events, despite each event being independent and having no bearing on subsequent outcomes. It is the mistaken belief that, if something happens more frequently than normal during a given period, it will happen less frequently in the future (or vice versa).
Luck doesn’t have memory 🎲❌ Gambler's Fallacy warns against chasing patterns in randomness.
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