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When the gambler's fallacy comes true: Beating the online casino
Author(s) -
Peacock Eloise
Publication year - 2013
Publication title -
significance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.123
H-Index - 21
eISSN - 1740-9713
pISSN - 1740-9705
DOI - 10.1111/j.1740-9713.2013.00711.x
Subject(s) - roulette , fallacy , cover (algebra) , simple (philosophy) , computer science , history , advertising , philosophy , mathematics , epistemology , business , engineering , mechanical engineering , geometry
It sounds so simple and seductive: bet on a number coming up on a roulette wheel, increase your next bet to cover past losses, and carry on until you win, and win and win. It worked for Eloise Peacock — virtually, at least…