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    Gambler's fallacy vs. Theory of Probablity

    Excellent! Huby, I still have one question though. You said:"The correct thing to do is to increase your bet size when you're winning and reduce when your losing.", which is the Anti-martingale strategy. What's the idea behind that? Why should you expect to win after winning while you...
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    Gambler's fallacy vs. Theory of Probablity

    In Tharp's "Trade Your Way to Financial Freedom", he talked about Gambler's fallacy. Using an example of a game played by 40 Ph.D.s,(each of whom were given $1,000 to play 100 trials and their winning chance is 60 percent), he got the conclusion that only 2 of them made money finally because of...
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