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Monte Carlo: A Matter of Life And Death w/Prateek Singh and Troy Lightfoot from ProKanban.org

Agile Uprising Podcast

CHAPTER

The Gambler's Fallacy

One of the interesting things about gambling right and probabilities is there's a term called the gambler's fallacy. The idea is that human beings are very good actually at pattern recognition. But another time they can get us in trouble, especially when it comes to gambling right. And casinos know this very well and they utilize this to advantage by always waiting the odds at least slightly in their favor.

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