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Created page with "== Introduction == The Gambler's Fallacy, also known as the Monte Carlo Fallacy or the Fallacy of the Maturity of Chances, is a cognitive bias that occurs when an individual erroneously believes that the occurrence of a random event is less likely or more likely to happen following an event or a series of events. This fallacy is particularly prevalent in gambling contexts, where individuals might assume that a certain outcome is "due" after a series of opposite outcomes..."