Episode notes
The Gambler’s Fallacy is the belief that past events influence future outcomes in random situations—like thinking a win is “due” after a losing streak. This episode explores its psychological roots, impact on gambling, decision-making, and investing, and how to avoid falling into this cognitive trap.
Keywords
Dunning-KrigerOverestimateCognitive BiasSelf ImprovementSurvivorship BiasRepresentativeness heuristicEducationSunk Cost FallacySunk CostBen FranklinBenjamin FranklinBen Franklin EffectEconomicsInfluenceAnchoringAnchoring EffectCognitive DissonanceFramingEvolutionHalo EffectHalo MindsetLindy Effect