The Gambler’s Fallacy Fallacy Fallacy (Commentary on Xiang et al., 2025)

Xiang et al. (2025) conclude that the gambler's fallacy does not originate in biased beliefs. Reanalyzing their data we arrive at the opposite conclusion. We show, more generally, that their main analysis, examining whether the median belief is biased, is nondiagnostic of the presence of the gambler's fallacy, while our test of the share of probability estimates for the streak ending above/below 50% is diagnostic. We also report results from a new study where at least 80% of gambler's fallacy predictions originated in biased beliefs.

Authors

Institutions

Publication Details

Journal
Psychological Science
Published
2026-11-04
DOI
https://doi.org/10.1177/09567976261490829
Primary Topic
Decision-Making and Behavioral Economics
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The Gambler’s Fallacy Fallacy Fallacy (Commentary on Xiang et al., 2025)

Daniel Banki, Uri Simonsohn
Psychological Science
Decision-Making and Behavioral Economics
article

The Gambler’s Fallacy Fallacy Fallacy (Commentary on Xiang et al., 2025)

Daniel Banki, Uri Simonsohn
article en

Abstract

Xiang et al. (2025) conclude that the gambler's fallacy does not originate in biased beliefs. Reanalyzing their data we arrive at the opposite conclusion. We show, more generally, that their main analysis, examining whether the median belief is biased, is nondiagnostic of the presence of the gambler's fallacy, while our test of the share of probability estimates for the streak ending above/below 50% is diagnostic. We also report results from a new study where at least 80% of gambler's fallacy predictions originated in biased beliefs.

Psychological Science
Esade (ES), Universitat Ramon Llull (ES)
Openalex Percentile: Top 21%
Decision-Making and Behavioral Economics
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Laika access coming soon
The Gambler’s Fallacy Fallacy Fallacy (Commentary on Xiang et al., 2025) — Daniel Banki, Uri Simonsohn · Psychological Science (2026) | TGRS Research Map | TGRS