The Gambler’s Fallacy: Why Luck Doesn’t Follow a Pattern

The Gambler’s Fallacy is the belief that past events influence future outcomes in random situations—like thinking a win is “due” after a losing streak. This episode explores its psychological roots, impact on gambling, decision-making, and investing, and how to avoid falling into this cognitive trap.

Episode metadata supplied by the publisher feed · Published Mar 19, 2025

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The Gambler’s Fallacy: Why Luck Doesn’t Follow a Pattern

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