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A comment on Kelly Criterion. Parent comment
But most people would agree with the irrational bet. This tendency is known as the Gambler’s fallacy (https://en.wikipedia.org/wiki/Gambler's_fallacy).
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But most people would agree with the irrational bet. This tendency is known as the Gambler’s fallacy (https://en.wikipedia.org/wiki/Gambler's_fallacy).