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 ...

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 ...

Making the decision to move away from research can be daunting, but a big dose of rational thinking can help you make the right choice, says Emma Williams “I’ve studied all this time.” “I’ve racked up ...

Opinions expressed by Entrepreneur contributors are their own. What do governments, businesses and individuals have in common? They’ve all invested time and money in forecasting how long a project ...

The world is full of random events such as 'Will tomorrow's stock prices rise or fall?', 'Will the ball be kicked left or right in a penalty kick?', and 'Will the lottery ticket I've been buying for ...

A sunk-cost fallacy occurs when someone argues to continue a course of action based on the costs already incurred, rather than assessing the merits of the case at the time. Classic sunk-cost fallacy ...

Recently I've been deep-diving into a model of brain, mind, and behavior—active inference and the free energy principle—developed by a leading neuroscientist and computational psychiatrist Karl ...

Narrative fallacy is a term introduced by Nassim Taleb [1]. It refers to our difficulty looking at a sequence of facts without connecting them in some way, either to each other or to something else we ...

In the early 1980’s a researcher Bob Goldman began researching and conducting a study into the psychology of elite athletes. (1) As part of his research he would interview elite athletes and ask them ...