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The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event (whose occurrences are independent and identically distributed) has occurred less frequently than expected, it is more likely to happen again in the future (or vice versa).
It went public in 1865, but was badly affected by a general fall in stock prices. The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp: Germany: 1873: Steel, metals: Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank ...
Another form of parliamentary obstruction practiced in the United States and other countries is called "slow walking". It specifically refers to the extremely slow speed with which legislators walk to the podium to cast their ballots. For example, in Japan this tactic is known as a "cow walk", and in Hawaii it is known as a "Devil's Gambit ...
Murphy's law [a] is an adage or epigram that is typically stated as: "Anything that can go wrong will go wrong.".. Though similar statements and concepts have been made over the course of history, the law itself was coined by, and named after, American aerospace engineer Edward A. Murphy Jr.; its exact origins are debated, but it is generally agreed it originated from Murphy and his team ...
Some well-known examples of a gambit are the King's Gambit (1.e4 e5 2.f4) and Evans Gambit (1.e4 e5 2.Nf3 Nc6 3.Bc4 Bc5 4.b4). A gambit employed by Black may also be named a gambit, e.g. the Latvian Gambit (1.e4 e5 2.Nf3 f5), or Englund Gambit (1.d4 e5); but is sometimes named a "countergambit", e.g. the Albin Countergambit (1.d4 d5 2.c4 e5 ...
The bad behavior wasn't limited to energized "Barbie" audiences, either: "Saw 'Oppenheimer' last night in one of the worst behaved crowds I've ever been in, multiple camera flashes throughout ...
Vicarious embarrassment, also known as empathetic embarrassment, is intrinsically linked to empathy. Empathy is the ability to understand the feelings of another and is considered a highly reinforcing emotion to promote selflessness, prosocial behavior, [14] and group emotion, whereas a lack of empathy is related to antisocial behavior.
An erosion gully in Australia caused by rabbits, an unintended consequence of their introduction as game animals. In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences, more colloquially called knock-on effects) are outcomes of a purposeful action that are not intended or foreseen.