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 ...

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 ...

Editor’s note: Birches Health is a leading national provider of Responsible Gaming resources and Problem Gambling treatment, offering specialized care from the comfort of home, covered by insurance.

We are surrounded by random events every day. Will the stock market rise or fall tomorrow? Will the next penalty kick in a soccer match go left or right? Will your lottery ticket finally win? Often, ...

Do you think good moments and bad moments in life have to even out eventually? Here’s why this line of thinking may be fundamentally flawed. Imagine you are standing at a roulette wheel in a casino.

Learn what the sunk cost fallacy is, why people stick with bad decisions, and how to recognize this bias in money, work, ...

“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 ...

Milad Haghani does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...