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Econowmics

  • Home
  • Economics
    • Econometrics
    • Economics and History
    • Macroeconomics
    • Microeconomics
    • Miscellaneous
      • Awards and Honors
      • Economic Schools of Thought
      • Economic Quotes
      • Economic Videos
    • Terms and Concepts
  • Cognitive Biases
  • Math / Statistics
  • Python
  • SQL

Tagged: the gambler’s fallacy

Law of Large Numbers - Old Adding Machine

Mathematics / Statistics / Terms and Concepts

The Law of Large Numbers

Law of Large Numbers (LLN) states that as the number of observations of an event increases, the observed probability approaches to the expected value.

Cognitive Biases

The Gambler’s Fallacy: odds are not in your favor

The Gambler’s fallacy refers to the situation in which an agent erroneously considers the occurrence of an event to be dependent on past occurrences.

SQL Puzzles

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  • daniel kahnemann
  • Queen Elizabeth I
  • Law of Large Numbers eli5
  • the halo effect
  • status quo bias
  • project euler hint
  • law of small numbers
  • the gambler's fallacy
  • wealth inequality

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