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 ...

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 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 down on ...

One of the most startling scientific discoveries of recent decades is that physics appears to be fine-tuned for life. This means that for life to be possible, certain numbers in physics had to fall ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. What happens when an entrepreneur realizes their project isn't delivering? It can create a ...

Many gamblers rely on the law of averages to convince themselves to play another hand, but they have a fundamental ...

There are many messages from science that bear repeating. One of them is that correlation does not mean causation. When headlines include a cause-effect conclusion based on correlational evidence, ...