The gambler's fallacy is an erroneous belief that a random event is less or more likely to happen based on the results from a previous series of events.

The broken window fallacy is a parable that is sometimes used to explain the problem with the notion that waging war is good for a nation's economy.

The "gambler's fallacy" is the belief that the probability of an event is decreased when the event has occurred recently, even though the probability is objectively known to be independent across ...