ERIC Number: EJ605774
Record Type: Journal
Publication Date: 1999
Reference Count: N/A
Demonstrating the Gambler's Fallacy in an Introductory Statistics Class.
Riniolo, Todd C.; Schmidt, Louis A.
Teaching of Psychology, v26 n3 p198-200 1999
Describes a classroom demonstration called the Gambler's Fallacy where students in an introductory psychology statistics class participate in simulated gambling using weekly results from professional football game outcomes over a 10 week period. Explains that the demonstration illustrates that random processes do not self-correct and statistical precision is sample size dependent. (CMK)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A