I learned something cool on the @curiositydotcom app: The Gambler's Fallacy Is A Costly Misunderstanding of Chance

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

A 10% increase in public school spending led to ca 7% higher wages 3.2 percentage point reduction in adult poverty and 0.31 more completed years of education

Asylum judges, loan officers, and baseball umpires act consistent with the gambler's fallacy. They are -more likely to deny (grant) asylum/loans/calls after granting (denying) asylum/loans/calls in the previous instance.

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

Depois que li Nassim Taleb só penso em Karl Popper! ----> Critical Thinking Part The Gambler's Fallacy

Many Faces of the Gambler's Fallacy : Subjective Randomness and Its Diverse Manifestations (Paperback)

Many Faces of the Gambler's Fallacy : Subjective Randomness and Its Diverse Manifestations (Paperback)

Gambler's Fallacy

Law of large numbers - Wikipedia, the free encyclopedia

Law of large numbers - Wikipedia, the free encyclopedia

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

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

"Sympathetic magic and perceptions of randomness: The hot hand versus the gambler’s fallacy" by Christopher J. R. Roney & Lana M. Trick.  This journal article from the quarterly "Thinking & Reasoning" debunks the gambler's fallacy by showing that independent events are truly independent.

"Sympathetic magic and perceptions of randomness: The hot hand versus the gambler’s fallacy" by Christopher J. R. Roney & Lana M. Trick. This journal article from the quarterly "Thinking & Reasoning" debunks the gambler's fallacy by showing that independent events are truly independent.

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.

Synchronicity (Quote) “In shamanic cultures, synchronicities are recognized as signs that you are on the right path.

I feel horrible that I'm laughing so hard I'm kind of choking but this is really funny. Or it could just be late and I need to go to sleep.

1 in 5 people are Chinese. I think I'm just hyper, but hyper by myself so I keep laughing out loud.

This article explores the Misconceptions of Chance including the Gambler's Fallacy and The Law of Small Numbers.

This article explores the Misconceptions of Chance including the Gambler's Fallacy and The Law of Small Numbers.

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…

'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.

Many Faces of the Gambler's Fallacy : Subjective Randomness and Its Diverse Manifestations (Paperback)

Many Faces of the Gambler's Fallacy : Subjective Randomness and Its Diverse Manifestations (Paperback)

Gambler's Fallacy

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