Gambler’s fallacy (Mean reversion, representative)

[June06]

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.

 

[ABAL]

Not sure of what u mean by mean reversion trade.
Gamble’rs fallacy is the expectations of avg. fr a series of memoryless events.

 

[ABAL]

Not sure of what u mean by mean reversion trade.
Gamble’rs fallacy is the expectations of avg. fr a series of memoryless events.