The gambler's fallacy is the opposite of recency bias. It occurs when you start believing that because a certain result happened more frequently in the past, there's a higher probability a different ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

(via TEDEd) Meet Lucy. She was a math major in college, and aced all her courses in probability and statistics. Which do you think is more likely: that Lucy is a portrait artist, or that Lucy is a ...