card A Card Counter’s Guide to the Gambler’s Fallacy Are you falling for this common logical fallacy?
Casinos are built on cognitive biases, the most common of which is called “the gambler’s fallacy.” If you’ve spent any time at the blackjack tables, you are sure to have heard (and perhaps believed) some of the myths that come from the gambler’s fallacy.
Learn what these logical errors are and why card counting is different.
NOTE 1: This video is sort of a Part II to “A Card Counter’s Guide to Odds and Variance”: https://www.youtube.com/watch?v=Oqe_1Qn_KMM
NOTE 2: Here’s the link to the Freakonomics Podcast episode referenced in the video – http://freakonomics.com/podcast/make-bad-decision/
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