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Re:Gambler’s Fallacy and the Regression to the Mean by mhb on Friday January 07, 2022 @09:57PM (#29848160)
An illuminating example uses a deck of cards. You're trying to get the ace of spades. You pick a card. I don't know anything but I turn over 50 of the 51 remaining cards and they're not the ace of spades. Do you want to switch your pick to the alternative unknown card?

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