Thursday, March 10, 2016

The Dumb Mistake Everyone Makes

Call it...

The bet of a lifetime.

Gamblers, judges and baseball umpires constantly make the same mistake -- believing that things even out, Jeff Guo reports on washingtonpost.com.

What’s unsettling is how this mistake undermines the thinking of important decision makers — seemingly reasonable, intelligent people who wield considerable power over the lives of others, Guo wrote.

For more on this superstition called gambler's fallacy:   https://www.washingtonpost.com/news/wonk/wp/2016/03/09/the-dumb-mistake-that-gamblers-judges-and-baseball-umpires-make/

Photo: Tumblr, No Country For Old Men.

For the chilling coin toss scene from No Country: https://www.youtube.com/watch?v=OLCL6OYbSTw

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