The gambler’s fallacy is an important example of betting jargon and one that describes a common and problematic mindset that may impact your decision-making when gambling online. This is also known as ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth ...

“It is impossible to approach the gambling table without becoming infected with superstition,” writes Alexei Ivanovich, the Russian tutor in Dostoyevsky’s powerful novella The Gambler. Even Alexei’s ...

Suppose you’re watching a baseball game, and your favorite player, a terrific hitter with a .320 average, has struck out three times in a row. If you’re like most people, you might think, “He’s due!” ...

GAINESVILLE, Fla. --- They shouldn't bet on it, but convicted crooks do as they commit more crimes under the gambler's delusion that if they were caught once, they won't get nabbed again, a new ...

The fallacy is that we are surprised when things that are supposed to vary a lot, come down one way a number of times. We feel the next case must... How The Bias Known As Gambler's Fallacy Affects Our ...

Judges, baseball umpires and loan officers constantly have to make judgments - does the person performing qualify for asylum? Is the pitch a ball or a strike? Should I approve this loan application?