The gambler's fallacy is the incorrect belief that past independent events, such as coin flips, influence the probability of future outcomes, a bias that leads investors to make poor decisions when stocks trend in one direction for an extended period.

Authors

• Person: Bill Rainaldi Organization: Security Mutual
  Behavioral Economics, and How it Affects Your Financial Decisions ...

Sources

• Behavioral Economics, and How it Affects Your Financial Decisions ... smlny.com Bill Rainaldi · Security Mutual via serper

Referenced by nodes (1)

• stocks concept