Question

The Monte Carlo fallacy would most likely lead you to:
A) Make the wrong decision based on faulty reasoning
B) Make the right decision based on strong data
C) Make the right decision based on illogical reasoning
D) Make the wrong decision based on an obvious mistake

Answer 1

Answer:

A). Make the wrong decision based on faulty reasoning.

Explanation:

'Monte Carlo Fallacy' is described as the logical fallacy in which the individual believes that a past random event influences the result of a future random event. For example, a run/series of even numbers at roulette implies that there is a greater probability of occurring an odd number next. Thus, this leads the person to take a 'wrong decision due to the flawed reasoning regarding the future events on the basis of random past events.' This is why it is also known as 'The Gambler's Fallacy.' Hence, option A is the correct answer.