The Gambler’s Fallacy: odds are not in your favor
“Play interests me very much,” said Hermann: “but I...
Category: Behavioral Economics
Compassion fade
Compassion fade is a cognitive bias, which refers to the decrease in the compassion one shows for the people in trouble as the number of the victims increase.
The Cheerleader Effect
“I don’t want to hear another negative word about...
Actor-Observer Bias
You are at the casino watching a game of Black ...
![[Python] Law of Large Numbers - Dice Roll](http://econowmics.com/wp-content/uploads/2020/07/Photo-by-Aliko-Sunawang-from-Pexels-80x80.jpg)
