Casino Cognition: Judgment and Decision Making in the Wild

Casino Cognition: Judgment and Decision Making in the Wild

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Casino Cognition: Judgment and Decision Making in the Wild
Casino Cognition: Judgment and Decision Making in the Wild
The Law of Large Numbers and the Misconception That Chance Corrects Previous Unlikely Outcomes
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The Law of Large Numbers and the…

Jan 29

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Casino Cognition: Judgment and Decision Making in the Wild
Casino Cognition: Judgment and Decision Making in the Wild
The Law of Large Numbers and the Misconception That Chance Corrects Previous Unlikely Outcomes
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A common misconception about the law of large numbers among experienced gamblers, and its relationship to "the Gambler's Fallacy" and "Belief in the Hot Hand"

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