Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler's fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That's what is at the root of such ideas as "her luck has run out" and "He is due." That does not happen. For what it's worth, a good streak doesn't jinx you, and a bad one, unfortunately , does not mean better luck is in store. . Leonard Mlodinow
Some Similar Quotes
  1. Statistically speaking, there is a 65 percent chance that the love of your life is having an affair. Be very suspicious. - Scott Dikkers

  2. A recent survey or North American males found 42% were overweight, 34% were critically obese and 8% ate the survey. - Banksy

  3. I couldn't claim that I was smarter than sixty-five other guys--but the average of sixty-five other guys, certainly! - Richard Feynman

  4. All statistics have outliers. - Nenia Campbell

  5. There are three types of lies -- lies, damn lies, and statistics. - Benjamin Disraeli

More Quotes By Leonard Mlodinow
  1. Perception requires imagination because the data people encounter in their lives are never complete and always equivocal. For example, most people consider that the greatest evidence of an event one can obtain is to see it with their own eyes, and in a court of...

  2. Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or...

  3. A failure doesn't mean you are unworthy, nor does it preclude success on the next try.

  4. Nonverbal communication forms a social language that is in many ways richer and more fundamental than our words.

  5. Scientists attach great importance to the human capacity for spoken language. But we also have a parallel track of nonverbal communication, which may reveal more than our carefully chosen words, and sometimes be at odds with them.

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