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</html><thumbnail_url>http://zcp.co.za/main/wp-content/uploads/2024/06/The-Monte-Carlo-Fallacy.jpg</thumbnail_url><thumbnail_width>770</thumbnail_width><thumbnail_height>385</thumbnail_height><description>Also known as the gambler&#x2019;s fallacy, the Monte Carlo fallacy is the mistaken belief that past events can influence future outcomes in situations where the events are actually independent. This fallacy, or cognitive bias, originates from the world of gambling, where players may erroneously believe that a streak of losses makes a win more likely [&hellip;]</description></oembed>
