'Gambler's Fallacy' Makes Life Unfair

'Gambler's Fallacy' Makes Life Unfair

The "gambler's falacy" -- the mistaken belief that a small sequence of events will look like a bigger one -- leads to unfairness for immigrants, bank loan applicants, baseball batters and probably a lot of other people.

The gambler's fallacy explained? Misguided belief in the big win just around the corner could be down to brain activity

Why gambler's believe a big win is just around the corner?

How a computer finally beat pro poker players - DesiForce News

Gamblers appear to behave as though they believe in the gambler's fallacy, that winning or losing a bunch of bets in a row means that the next bet is more likely to go the other way. Their reactions to that belief — with winners taking safer bets thinking they're going to lose and losers taking long-shot bets believing their luck is about to change — lead to the opposite effect of making the streaks longer…

Researchers Tested The 'Gambler's Fallacy' On Real-Life Gamblers And Stumbled Upon An Amazing Realization

Gamblers appear to behave as though they believe in the gambler's fallacy, that winning or losing a bunch of bets in a row means that the next bet is more likely to go the other way. Their reactions to that belief — with winners taking safer bets thinking they're going to lose and losers taking long-shot bets believing their luck is about to change — lead to the opposite effect of making the streaks longer…

Apophenia is the term for seeing illusory patterns in information. It is a tool that sniffs out irregularities but might lead to errors such as the clustering illusion and the gambler's fallacy. Synchronicity, or patternicity, is thus dependent on careful interpretation.

In Shamanic cultures, synchronicities are recognized as signs that you are on the right path ༺❁༻ Daniel Pinchbeck

The Market May Be Guilty of Gambler's Fallacy on Fed Rate Hikes.

The Market May Be Guilty of Gambler's Fallacy on Fed Hikes

A March interest-rate increase by the Federal Reserve, an unlikely scenario just days ago, is now suddenly on the table after an unexpectedly strong inflation print and hawkish testimony from .

Goalkeepers 'gambler's fallacy' impacts penalty shoot-outs

Goalkeepers' penalty 'flaw' revealed

Tim Krul of the Netherlands saves a penalty kick by Michael Umana of Costa Rica (not pictured) to win in a shootout during the 2014 FIFA Wor.

The gambler's fallacy

11 Ways You Are Thoroughly (but Interestingly) Wrong

aidiera: “ Logical and Rhetorical Fallacies ” Y’all better learn these. ” ARB logical and rhetorical fallacies.

Video five describes the gambler's fallacy, while acknowledging that the human brain is always looking for patterns. Not a bad way to warn kids off gambling.

Critical thinking explained in six kid-friendly animations

Part 5 of the TechNyou critical thinking resource. The resource covers basic logic and faulty arguments, developing student's critical thinking skills.

The Gambler's Fallacy Is A Costly Misunderstanding of Chance

The Gambler's Fallacy Is A Costly Misunderstanding of ...

The Gambler's Fallacy Is A Costly Misunderstanding of Chance

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