Introduction
The Monte Carlo fallacy (MCF) is the most known and frequent gambling cognitive distortion, even though it also manifests in daily life beyond gambling. It is also called the gambler’s fallacy, but I prefer the former term, as there are other gambling cognitive distortions and fallacies as well. It is also the gambling distortion toughest to correct, for three reasons: 1) it is not especially mathematically related; 2) it has a neurological-psychological component; and 3) correction assumes “mistrust” in the mathematical notion of probability and a non-mathematical perception of infinity. I will detail all these three features in what follows.