Guys, I'd like your opinion on something.
Let's say I toss a coin 132 times and I get this result:
30 times tails, 102 times heads.
23% tails, 77% heads.
Question : can we say my coin has a problem or is this the product of pure randomness?
Let's say I toss a coin 132 times and I get this result:
30 times tails, 102 times heads.
23% tails, 77% heads.
Question : can we say my coin has a problem or is this the product of pure randomness?
That is what we would call a Gambler's Fallacy. Commonly we'd think an outcome that happens more often now (heads) would occur lesser in the future.
Using the GIF from the Wikipedia link above is a good example of a heads-and-tails scenario.
