Will also delete on comment score of -1 or less. Parent commenter can toggle ^NSFW or ^delete. Interesting: Inverse gambler's ^fallacy | Gambler's ^conceit | Gambler's ^ruin | Statistical ^regularity Starting with 0 and 1, each number in the sequence is the sum of the two immediately preceding numbers. I learned to be careful with this, and won't go any higher than a 30 initial bet size this year. Named after Italian mathematician Fibonacci, the sequence contains a progressive series of numbers. When a team is hot, or if the bankroll has grown later in the season. This fallacy can arise in many practical situations although it is most strongly associated with gambling where such mistakes are common among players. Unsurprisingly, the Fibonacci betting system is based on the Fibonacci sequence. independent trials of a random process), this belief, though appealing to the human mind, is false.
In situations where what is being observed is truly random (i.e. The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that if something happens more frequently than normal during some period, then it will happen less frequently in the future likewise, if something happens less frequently than normal during some period, then it will happen more frequently in the future (presumably as a means of balancing nature).
