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Monte Carlo 1913: The Gambler's Fallacy
Try to imagine how you would bet if a roulette wheel landed on black 26 times in a row. What are the chances that the next spin would land on black? And how much would you be willing to risk? This episode is all about a couple popular gambling fallacies - people betting against a streak of luck and people betting on a streak of luck. We talk about The Gambler's Fallacy and the Hot-Hand Fallacy; then chat with Comedian and Weird Dad Glen Tickle for the Quick Quiz!
Vote for this podcast in the Columbus Podcast Awards at http://columbuspodcastawards.com/nominations
Bonus episodes and content available at http://Patreon.com/MichaelKent
Michael's travel microphone: https://amzn.to/3B6yl7g
For 20% Virtual Presenter Course, visit http://virtualpresentercourse.com/30
For $10 FREE Invested in your Acorns Account visit https://share.acorns.com/tbkg6
For 15% at SCOTTeVEST, visit http://scottevest.cwv7.net/a3VBZ
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By Michael Kent
4.9
7676 ratings
Try to imagine how you would bet if a roulette wheel landed on black 26 times in a row. What are the chances that the next spin would land on black? And how much would you be willing to risk? This episode is all about a couple popular gambling fallacies - people betting against a streak of luck and people betting on a streak of luck. We talk about The Gambler's Fallacy and the Hot-Hand Fallacy; then chat with Comedian and Weird Dad Glen Tickle for the Quick Quiz!
Vote for this podcast in the Columbus Podcast Awards at http://columbuspodcastawards.com/nominations
Bonus episodes and content available at http://Patreon.com/MichaelKent
Michael's travel microphone: https://amzn.to/3B6yl7g
For 20% Virtual Presenter Course, visit http://virtualpresentercourse.com/30
For $10 FREE Invested in your Acorns Account visit https://share.acorns.com/tbkg6
For 15% at SCOTTeVEST, visit http://scottevest.cwv7.net/a3VBZ
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