Describe the Gambler's Fallacy from our readings, and illustrate the concept using an example from the real world where a person or organization might suffer as a result of the fallacy. How would you use an explanation of the fallacy to explain to someone why they were making a mistake in their reasoning. In your responses to others, comment on whether the explanation they've offered is adequate for addressing the problem.

The gambler's fallacy is erreonous belief in random sequence of events

Explanation:

Gamblers fallacy occurs when one believes that since a particular event has occurred subsequently for a number of times an opposite event or alternate one must occur after.

Example: if a coin is flipped and the head occurs 4 times Martin may wrongly believe that since the head has occurred four times subsequently, the tail must be next to occur

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explanation: