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The Gambler's Fallacy is due to treating each throw of the dice as independent of previous throws
The gambler's fallacy, also known as the Monte Carlo fallacy, is when someone mistakenly thinks that the outcome of a prior event or series of events will make a given random occurrence more or less likely to occur.
This kind of thinking is flawed since past occurrences do not alter the likelihood that specific events will occur in the future.
In circumstances where the probability of various events is not independent, the gambler's fallacy is not applicable.
The outcome of previous events, such as the statistical permutation of events, might alter the probability of future happenings in such circumstances.
In response to the query,
The Gambler's Fallacy results from treating each roll of the dice as if it were unrelated to prior rolls. Option(4) is correct
The question is incomplete , the complete question is
The Gambler's Fallacy is due to
(1) greed.
(2) bad luck.
(3) failing to treat each throw of the dice as independent of previous throws.
(4) treating each throw of the dice as independent of previous throws.
(5) regression toward the mean.
To know more about Gambler's fallacy here
https://brainly.com/question/19538430
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