EPISODE · Apr 18, 2022 · 1H 17M
The Gambler's Fallacy
from Let Me Speak To A Manager
The gambler's fallacy, also known as the Monte Carlo fallacy, occurs when an individual erroneously believes that a certain random event is less likely or more likely to happen based on the outcome of a previous event or series of events. In this episode, Frank and Ian dissect this cognitive bias that prevents many people from making quality career and investing decisions.
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The Gambler's Fallacy
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This episode was published on April 18, 2022.
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