Gambler's fallacy is a misconception that past events affect future random events, contrasting with diffusion of responsibility in social situations.
Gambler's fallacy is the idea that previous random events can affect the likelihood of future random events, such as believing that past coin flips influence the next flip. It is a form of faulty reasoning based on the misconception that random events are related. This phenomenon is distinct from the concept of diffusion of responsibility, which occurs in social situations, where individuals are less likely to take responsibility for their actions when others are present.
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