Gambler’s fallacy: Think it will be a reversal to the long-term mean more frequently than actually happens.
Question: 1. Mean reversion trade is a kind of gambler’s fallacy bias? 2. Fallacy bais is classifed as representative bias? Thanks.
Not sure of what u mean by mean reversion trade. Gamble’rs fallacy is the expectations of avg. fr a series of memoryless events.
Not sure of what u mean by mean reversion trade. Gamble’rs fallacy is the expectations of avg. fr a series of memoryless events.