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No. The gambler's fallacy is when we ascribe dependency to independent events. Stock performance tomorrow is very much NOT independent of stock performance toda
by poke111 9y ago
No. The gambler's fallacy is when we ascribe dependency to independent events. Stock performance tomorrow is very much NOT independent of stock performance today, e.g. "market correction"
- enoch_r 9y agoThere is a pretty strong empirical support for the random walk hypothesis, the essence of which is that performance tomorrow is independent of performance today.