Losses and External Outcomes Interact to Produce the Gambler's Fallacy.

When making serial predictions in a binary decision task, there is a clear tendency to assume that after a series of the same external outcome (e.g., heads in a coin flip), the next outcome will be the opposing one (e.

Grouping and gambling: a Gestalt approach to understanding the gambler's fallacy.

The gambler's fallacy was examined in terms of grouping processes. The gambler's fallacy is the tendency to erroneously believe that for independent events, recent or repeated instances of an outcome (e.g.