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32: The Art of Thinking Clearly by Rolf Dobelli

Bookworm

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The Gambler's Fallacy

When you're flipping a coin, for example, there's nothing that says it has to be this a bunch of times in row in order to make this balanced. And because our mind doesn't work that way, we just expect the probability of its happening that many times in a row has to be different in 50, 50 on the next roll. But it's not. It's rarely 50, 50. This one i have known about for a really long time. I still find myselfa falling for thisOne is the planning fallacy, where we tend to underestimate how long projects are going to take. Ah, ok. So that mean i have to go again? No, no, i

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