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:
“They shall beat their swords into plowshares, and their spears into pruninghooks: nation shall not lift up sword against nation, neither shall they learn war any more.”
—Bible: Hebrew Isaiah, 2:4.
The words reappear in Micah 4:3, and the reverse injunction is made in Joel 3:10 (”Beat your plowshares into swords ...”)
“It would be a fallacy to deduce that the slow writer necessarily comes up with superior work. There seems to be scant relationship between prolificness and quality.”
—Fannie Hurst (1889–1968)