Probability

The Gambler’s Fallacy

Probability seems simple enough to many people that it can fool them into wrong conclusions. We have had many questions that involve the “Gambler’s Fallacy”, both from people who naively assume it without thinking, and from some who defend it using technical ideas like the Law of Large Numbers. The Gambler’s Fallacy Here is a …

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Should Rare Events Surprise Us?

(Archive Question of the Week) We often receive questions saying something like, “My wife has the same birthday as my son-in-law, whose dog has the same name as my wife’s brother, … ,” and asking us to calculate how likely it is that this would happen. Sometimes it is simply impossible to answer (without, say, looking up …

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