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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).
Overall, 0.9% of the age group – 11 to 16-year-olds – are classed as problem gamblers, according to the Gambling Commission’s report. 31% of children spent their own money on gambling in ...
Confession: I’ve long loved the lexicon of a dice game happening on a street corner or in the basement of an after-hours spot or in the parking lot of a strip club or, an eon ago, in the halls ...
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]
Breaking a mirror is said to bring seven years of bad luck [1]; A bird or flock of birds going from left to right () [citation needed]Certain numbers: The number 4.Fear of the number 4 is known as tetraphobia; in Chinese, Japanese, and Korean languages, the number sounds like the word for "death".
Is election betting good fun, civic engagement, or a threat to democracy itself? asks Josh Marcus
Most theoretical analyses of risky choices depict each option as a gamble that can yield various outcomes with different probabilities. [2] Widely accepted risk-aversion theories, including Expected Utility Theory (EUT) and Prospect Theory (PT), arrive at risk aversion only indirectly, as a side effect of how outcomes are valued or how probabilities are judged. [3]
When people are gambling, do not pat their backs. The Chinese character for back (背) has the same pronunciation as “bad luck,” [2] so when gamblers are pat on their backs when gambling, it is believed that the action of patting their backs would cause them to be unlucky.