 Probability fallacies

Probability fallacies are misconceptions or errors in reasoning related to probabilities, often leading individuals to draw incorrect conclusions based on how they interpret statistical information or probability outcomes. These fallacies stem from human intuition and cognitive biases, which can distort understanding of probability and risk. Here are some common examples of probability fallacies: 1. **Gambler's Fallacy**: This fallacy involves the belief that past independent events affect the likelihood of future independent events.