Monte Carlo fallacy

Philosophy dictionary. . 2011.

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  • Monte Carlo fallacy — 1957, named for resort in Monaco famous for its gambling casinos. The fallacy of thinking that the probability of a particular outcome rises with the successive number of opposite outcomes. Contrary to the Monte Carlo fallacy, if the roulette… …   Etymology dictionary

  • Monte Carlo fallacy — noun the fallacy, most often believed by gamblers, that a past random event influences the outcome of a future random event, that is, that a run of even numbers at roulette means that there is a greater chance of an odd number next time …   Wiktionary

  • Gambler's fallacy — The Gambler s fallacy, also known as the Monte Carlo fallacy (because its most famous example happened in a Monte Carlo Casino in 1913)[1], and also referred to as the fallacy of the maturity of chances, is the belief that if deviations from… …   Wikipedia

  • gambler's fallacy — Also known as the Monte Carlo fallacy. Either (i) the mistake of supposing that results on a system such as a roulette table will continue to display some pattern they have recently been showing (e.g. reds are ‘hot’), or (ii) the converse mistake …   Philosophy dictionary

  • Gambling — ➡ nightlife * * * Betting or staking of something of value on the outcome of a game or event. Commonly associated with gambling are horse racing, boxing, numerous playing card and dice games, cockfighting, jai alai, recreational billiards and… …   Universalium

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  • Roulette — For other uses, see Roulette (disambiguation). Spinning Roulette wheel with ball …   Wikipedia

  • List of statistics topics — Please add any Wikipedia articles related to statistics that are not already on this list.The Related changes link in the margin of this page (below search) leads to a list of the most recent changes to the articles listed below. To see the most… …   Wikipedia

  • literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… …   Universalium

  • List of probability topics — This is a list of probability topics, by Wikipedia page. It overlaps with the (alphabetical) list of statistical topics. There are also the list of probabilists and list of statisticians.General aspects*Probability *Randomness, Pseudorandomness,… …   Wikipedia

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