Monte Carlo Fallacy – A Failure Of Mathematics And Education
By jonathan
February 25, 2022
In some ways, it's only natural that casino players are looking for every tiny edge to give them a winning chance. The desire to win, with its powerful dopamine rush, means that gamblers are more likely to jump to some pretty crazy ideas to justify as to why they're either winning or losing. Many of these faux ideas fall under the heading of the Monet Carlo fallacy or the gambler's fallacy. These illogical ways of thinking can prove to be dangerous and lead to catastrophic losses.
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