The Gambler’s Fallacy: A Basic Inhibitory Process?

Two studies were conducted to examine the relation between the gambler's fallacy (GF) and attentional processes associated with inhibition of return (IOR). In Study 1, participants completed rapid aiming movements to equally probable targets presented to the left and right. They also completed a gambling protocol in which they bet on the illumination of either target. Consistent with the IOR phenomenon, participants were slower to initiate …