Mind Traps You Need To Avoid (Part 1) w Mikey Smith
Keep The Change
00:00
The Gamblers' Fallacy
We are led to believe that something needs to change due to the Gamblers' fallacy. Independent events are not influenced by balancing forces of nature. A University of Chicago review found asylum judges were 19% less likely to approve an asylum seeker if they had just approved the previous two. The same person applying for a loan was more likely to get approved for a loan if the previous two applicants were rejected. Similar findings were also found when analyzing the sequence of decisions of baseball umpires.
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