BIAS OF THE WEEK

Gambler's Fallacy

Lottery players tend NOT to bet on a number…

…if it has recently been drawn

Mistakenly, we believe that past random events affect the likelihood of future random events occurring.

See the full study here :

Clotfelter, C.T., Cook, P.J. Lotteries in the real world. J Risk Uncertainty 4, 227–232 (1991). https://doi.org/10.1007/BF00114154

Want to know more about biases?

Dunning-Kruger Effect

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Zero-Sum Bias

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Rhyme-as-Reason Effect

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Priming effect

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