Reverse Fallacy
The reversal is also a fallacy (not to be confused with the inverse gambler's fallacy) in which a gambler may instead decide that tails are more likely out of some mystical preconception that fate has thus far allowed for consistent results of tails. Believing the odds to favor tails, the gambler sees no reason to change to heads. Again, the fallacy is the belief that the "universe" somehow carries a memory of past results which tend to favor or disfavor future outcomes.
Read more about this topic: Gambler's Fallacy
Famous quotes containing the words reverse and/or fallacy:
“We came home from the ridotto so late, or rather so early, that it was not possible for me to write. Indeed we did not go ... till past eleven o’clock: but nobody does. A terrible reverse of the order of nature! We sleep with the sun, and wake with the moon.”
—Frances Burney (1752–1840)
“I’m not afraid of facts, I welcome facts but a congeries of facts is not equivalent to an idea. This is the essential fallacy of the so-called “scientific” mind. People who mistake facts for ideas are incomplete thinkers; they are gossips.”
—Cynthia Ozick (b. 1928)