The Gambler's Bias

Bob Greene: The gambler's fallacy is considered the tendency to think that future probabilities are altered by past events. He says it can be true in one way and deceitful in another. Greene: One thing I'm keeping my eye on is something called mental models. And a mental model is just a representation of how something works, he says. Green: We want to give a big shout out to Julia Redwood as you parting for me.