No. Has nothing to do with psychology. The name for this in statistics is ergodicity. Nassim Taleb, an expert on this subject, as well as many other authors i

No. Has nothing to do with psychology. The name for this in statistics is ergodicity. Nassim Taleb, an expert on this subject, as well as many other authors in risk management have established that even professionals in statistics fare very poorly in understanding ergodicity in real life. In short , its not psych, its human nature