What is gambler’s fallacy?

Gambling and behavioral psychology have a big impact. Our brains can unknowingly distort facts and probability theories and make emotional decisions. One example of this is the gambler’s fallacy.

This article introduces the gambler’s fallacy. We will also explain the relationship with poker.

” Gambler’s fallacy ” is a psychological phenomenon in which one’s own experience and subjectivity distort predictions based on probability theory. “Fallacy” is a mistake, and it is common for everyone to do something irrational by subjective judgment. Especially in gambling, it is easy to get free credit casino online malaysia and often make wrong decisions, so the term gambler’s fallacy was coined.

There are also two types of gambler’s fallacy.

Type 1 is a classic gambler’s fallacy that says, “I expect another result to come out after the same result continues.” On the other hand, type 2 refers to “the condition is biased and it is assumed that this bias can be detected after a certain period of time”.

Whether it is an independent event

In the case of coin throwing, each coin is independent, so the probability does not change no matter how many times you throw a coin.

But what about rock-paper-scissors? In the case of rock-paper-scissors, each other can consider what the other party has done so far and decide what to do next. Since the opponent has issued a par three times in a row, you can bargain with the opponent in rock-paper-scissors, such as when you will produce something different next time.

Therefore, each event cannot be said to be independent, and there is no gambler’s fallacy.

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart