Description
On August 18, 1913, the ball landed on black 26 times in a row at the Monte Carlo casino. With every spin, more people bet on red because it was "due." Millions of francs were lost. The wheel never counted. The players did. Researchers found the same bias in asylum judges. Nine blacks in a row: what comes next? #GamblersFallacy #Psychology #DarkPsychology
Përshkrimi (YouTube)
On August 18, 1913, the ball at the Monte Carlo casino landed on black 26 times in a row. As the streak grew, gamblers piled onto red, sure it was due, and lost millions of francs. The odds of such a run are about 1 in 68 million, but every single spin started from zero. This mistake is called the gambler's fallacy, or the Monte Carlo fallacy. In a study of US asylum courts, judges were less likely to grant asylum right after granting the previous case (Chen, Moskowitz and Shue). Nine blacks in a row: what comes next?
#story #DarkPsychology