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Learn about gambler’s fallacy, its impact on decision-making, and how to avoid this common pitfall with real-life examples.
Learn about the gambler's fallacy, its definition, examples, and how it influences decision-making, as well as strategies to avoid it.
The pursuit of self-improvement can sometimes lead us astray, according to neuroscientist Rachel Barr. She's coined the term "cold-plunge fallacy" to describe how specific wellness trends might do ...
The motte-and-bailey fallacy is kind of like a reverse strawman. Instead of the arguer making their opponent’s reasonable argument seem absurd, they instead make their own absurd argument seem ...
As an example of the gambler’s fallacy, if a person flips a coin 10,000 times in a row and it lands on heads each time, an observer might think that the next coin flip has a higher chance of ...
The media is running with a scare story on chemicals in mac and cheese. Here's more about the fallacy fueling the fear.
The sunk cost fallacy addresses the tendency of people to continue on a suboptimal path because they have committed a lot of time or resources to it already. Investors, for example, may double ...