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Gambler's conceit is the fallacy described by behavioral economist David J. Ewing, where a gambler believes they will be able to stop a risky behavior while still engaging in it. [1]
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event (whose occurrences are independent and identically distributed) has occurred less frequently than expected, it is more likely to happen again in the future (or vice versa).
And business is beyond booming, as Americans bet $119.84 billion on sports in 2023, helping to generate a record-high $66.5 billion in revenue for Big Gambling, including $10.9 billion from sports ...
ICRG's mission includes funding scientific research on pathological and youth gambling, with the aim of providing support to individuals dealing with gambling disorders. Additionally, it promotes the implementation of newly discovered research findings to enhance prevention, diagnosis, intervention, and treatment strategies. [ 4 ]
Is election betting good fun, civic engagement, or a threat to democracy itself? asks Josh Marcus
According to the UK Gambling Commission, the government received a total gross gambling revenue of £144 billion ($19 billion) in 2018. [13] [14] That was up 45% from a year earlier. The Gambling Commission is an executive non-departmental body of the UK government. [15] It is responsible for regulating gambling in the UK.
If the recent string of casino game acquisitions, announcements and rumors weren't enough hints: Gambling is poised to become a big deal in social games. And if not in 2012, then 2013 or 2014--it ...
O'Brien, Timothy L. Bad Bet: The Inside Story of the Glamour, Glitz, and Danger of America's Gambling Industry (1998). Sallaz, Jeff. The labor of luck: Casino capitalism in the United States and South Africa (U of California Press, 2009). Thompson, William N. Gambling in America: An encyclopedia of history, issues, and society (Abc-Clio, 2001).