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 ...

The gambler’s fallacy is an important example of betting jargon and one that describes a common and problematic mindset that may impact your decision-making when gambling online. This is also known as ...

A Motte-and-Bailey was a type of medieval fortress. You would have a heavily fortified keep (the motte) and a less defended courtyard (the bailey). If under siege and the bailey’s defenses failed, ...

Many people fall victim to the “sunk cost fallacy” at some point in their lives. Maybe you have stayed at an amusement park even though it was hot and crowded, or remained at a concert even though the ...

“Ad Hominem” attacks in paragraphs No. 1 and No. 2 would be good examples of logical fallacies. The catchphrase “settled science” demonstrates the “Appeal to Closure” logical fallacy, as well as ...

According to the researchers, people’s penchant to misinterpret patterns could be a boon for charitable organizations that accept cryptocurrency. A team of academic researchers from the United States ...