Question: Gamblers fallacy Carefully note the difference between the following two questions: (a) You intend to flip a fair coin eight times. What is the probability
Gambler’s fallacy Carefully note the difference between the following two questions:
(a) You intend to flip a fair coin eight times. What is the probability that you end up with eight heads?
(b) You have just flipped a fair coin seven times and ended up with seven heads. What is the probability that when you flip the coin one last time you will get another heads, meaning that you would have flipped eight heads in a row?
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