The gambler’s fallacy is a concept known by many names—you might hear people refer to it as the gambler’s paradox, the Monte Carlo fallacy, or the fallacy of the maturity of chances.

Whether it’s with golf betting, roulette, slots, lottery or another form of gambling, the “gambler’s fallacy” is a common misconception among bettors. The gambler’s fallacy, also known ...

The 'gambler's fallacy' is the incorrect belief that a past event will influence the outcome of a future event, and it's something that many of us fall for. In this video, psychologist and author ...

He addressed many of the biases that hold investors back, including the gambler's fallacy and the herd mentality, on a recent CNBC "ETF Edge" appearance. Index investing pioneer Charley Ellis says ...