Gambler's Fallacy: Example & Definition


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question 1 of 3

What is the gambler's fallacy?

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1. Which is not an assumption that is associated with the gambler's fallacy.

2. The probability of flipping a coin and it landing on heads is 1/2. What is the probability of flipping five heads in a row after already having flipped four heads?

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About This Quiz & Worksheet

The gambler's fallacy is a faulty belief held by many, and this quiz/worksheet combo will help test your understanding of why it is wrong. You will be assessed on the definition and examples of the gambler's fallacy.

Quiz & Worksheet Goals

You'll be tested on the following:

  • Definition of the gambler's fallacy
  • Assumptions associated with the fallacy
  • Examples of gambler's fallacy

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related psychology lesson
  • Problem solving - use acquired knowledge to solve probability practice problems
  • Information recall - access the knowledge you've gained regarding the gambler's fallacy

Additional Learning

To learn more about probability, review the accompanying lesson titled Gambler's Fallacy: Example & Definition. This lesson covers the following objectives:

  • Know the meaning of gambler's fallacy
  • Learn the rules of probability
  • Identify examples of the fallacy
  • Solve practice problems