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Quote: people expect than random properties hold in small samples, e.g., HTHTTH vs. HHHHTH or gambler's fallacy
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Topic:
probability assessment
Quotation Skeleton
In considering tosses of a coin, for example, … appear to be random, and also more likely … [Kahneman and Tversky, 1972]. Thus, people expect that the essential characteristics of the [random] process will be represented, not only globally in the entire … Another consequence of the same belief is the … [that black on a roulette wheel becomes more likely after a sequence of red's]. Google-1 Google-2
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Topic: probability assessment (26 items)