Casino Cognition: Judgment and Decision Making in the Wild
Will BennisEssays on casino gamblers' strategies for—and beliefs about—winning, on how they work (or why they don't), and on how the study of decision making "in the wild" informs the scientific understanding of heuristics, biases, and (ir)rationality.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 15 | Subscribers | Read | substack.casinocognition.com |
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If It Looks Like a Duck... It Might Not Be a Duck (Part 3): Chasing
The term chasing is shorthand for chasing losses, the act of increasing the persistence and, usually, the size of one’s bets after extensive or improbable losses in the—often desperate—hope of recouping those losses. It tends to correspond ...
If It Looks Like a Duck... It Might Not Be a Duck (Part 2): The Martingale Betting System
This is Part 2 of an essay about why it is problematic to infer belief in the gambler’s fallacy from gambling choices. If you haven’t already read Part 1, start there. It covers:
If It Looks Like a Duck... It Might Not Be a Duck (Part 1)
This is essay three (Part 1) in a series of posts about the gambler’s fallacy: the belief that after an unlikely streak of the same outcome, such as five reds in a row in roulette, the likelihood that the outcome will occur again (red in th...
Belief in the Gambler's Fallacy is Trivial
> [The Grandmother] “Just now I heard the flaxen-haired croupier call out ‘zero!’ And why does he keep raking in all the money that is on the table? To think that he should grab the whole pile for himself! What does zero mean?”
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