The Gambler’s Fallacy: Why We Believe Luck Has a Pattern

Why do we sometimes feel like luck is just around the corner after a streak of bad outcomes? In this episode of Mind Theory, we explore the Gambler’s Fallacy, a cognitive bias that leads people to believe that past random events can influence future ones. From blackjack tables to business decisions, we’ll dive into how this misconception about probability shapes behavior and why our brains are wired to see patterns, even when they don’t exist. Tune in to discover how understanding the Gambler’s Fallacy can help you make better decisions, avoid superstitions, and stop relying on “lucky” patterns.