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Comment by justinpowers

4 years ago

Each toss is independent of prior (and subsequent) tosses, so no matter what, a given tosshas 60% chance of landing heads. Rationally, one should bet heads on any given toss.

But most people would agree with the irrational bet. This tendency is known as the Gambler’s fallacy (https://en.wikipedia.org/wiki/Gambler's_fallacy).

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