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Wednesday, August 16, 2017


After reading this, I am not sure the "fallacies" that the gambler holds are really pointed out or clear herein?

Thanks for your comment, Marsha. We open the post by referring to gambling fallacies as "mistaken beliefs about how gambling works, such as the belief that certain items may be 'lucky.'" You can learn more about the specific measure the authors used (the Gambling Fallacies Measure) by reading the paper we link to in the What did the researchers do? section.
Some example questions are as follows:

How lucky are you? If 10 people’s names were put into a hat and one name drawn for a prize, how likely is it
that your name would be chosen? (correct answer = About the same likelihood as everyone else)

If you were to buy a lottery ticket, which would be the best place to buy it from? (correct answer = one place is as good as another)

You have flipped a coin and correctly guessed ‘heads’ 5 times in a row. What are the odds that heads will come up
on the next flip. Would you say... (correct answer = 50%).

We will add these examples to the post.

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