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Gambler’s Fallacy
The odds are always fifty-fifty. But most of us anticipate better odds, or better luck, after a bad streak, as if now we are due for good luck.
This ‘Gambler’s Fallacy’ assumes that probability as a whole has memory, and if the coin is flipped ten times and shows ‘heads’ in all ten, the odds are huge for it showing ‘tails’ in the 11th spin.
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242 reads
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The Biggest Bluff
Maria Konnikova, in her soon to be published book The Biggest Bluff, tells us that Poker is a real game, closer to life as opposed to the modern games which try to ‘game’ our brains’ and exploit its weaknesses.
Poker pushes us out of our comfort zones and illusions and puts us...
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232 reads
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The Gambler Fallacy
It makes us certain without a doubt that if the flipped coin lands a heads up five times consecutively, it will land as tails up the sixth time. The real odds still stand at 50-50 for each flip.
The Universe Owes You
If you think your luck is bad, and is getting worse as the years pass, you might feel depressed and pessimistic about life in general.
Instead of feeling that the universe is against you, try to feel this:
THE UNIVERSE OWES YOU!
Like a flipped coin that is sh...
The Reviewer's Fallacy
We've all have experienced shows that we've read high praise for, then been disappointed by. One of the root causes of the reviewer's fallacy is based on the opinion that 90% of film, literature, consumer goods are mediocre or worse.
It would be tiresome for critics to find new ways...
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