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Describe the Gambler's Fallacy from our readings, and illustrate the concept using an example from the real world where a person or organization might suffer

Describe the Gambler's Fallacy from our readings, and illustrate the concept using an example from the real world where a person or organization might suffer as a result of the fallacy. How would you use an explanation of the fallacy to explain to someone why they were making a mistake in their reasoning. In your responses to others, comment on whether the explanation they've offered is adequate for addressing the problem.

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