4 ms·
No, statistically it's irrelevant. This is the the reverse gamblers fallacy. A lack of bad events does not make them more likely.
by tryptophan 7y ago
No, statistically it's irrelevant. This is the the reverse gamblers fallacy. A lack of bad events does not make them more likely.
- krrrh 7y agoEconomies don’t follow a random path with each year like the a ball with each spin of a roulette wheel. A driver of business cycles is accumulated malinvestment and suboptimal policy. Another way to look at it is that a gambler can’t do anything to affect the roulette wheel, but a recession can be brought about or deepened by all sorts of human action.