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 ...

The gambler's fallacy is the opposite of recency bias. It occurs when you start believing that because a certain result happened more frequently in the past, there's a higher probability a different ...

As a logician, I am always on the lookout for fallacies and there is no lack of them in climate change alarmist policies. New Zealand’s newly released climate risk assessment not only has multiple ...

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 ...

Please provide your email address to receive an email when new articles are posted on . In a recent survey study, nearly 80% of physicians overestimated the probability of successful patient outcomes ...

The Rev. Thomas Bayes was, as the honorific the Rev. suggests, a clergyman. Too bad he wasn’t a lawyer. Maybe if he had been, lawyers today wouldn’t be so reluctant to enlist his mathematical insights ...

(via TEDEd) Meet Lucy. She was a math major in college, and aced all her courses in probability and statistics. Which do you think is more likely: that Lucy is a portrait artist, or that Lucy is a ...

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.

Online color prediction games have become a popular form of digital entertainment, especially in mobile-first economies ...