Learn Craps Video Source And Information:
Get the paperbacks or the FREE audiobooks with the links below:
The art of thinking clearly: https://amzn.to/3lFWaLF
Thinking fast and slow: https://amzn.to/2ETN250
Freakonomics: https://amzn.to/3hMWrtG
The ultimate list of cognitive biases part 1 – https://mycognitivebiases.com/ultimate-list-of-cognitive-biases-with-examples-part-1-of-4/
Timestamps
Intro – 00:00
Definition – 00:02
Example – 00:11
Outro – 00:22
——————————————
What is Illusion of control ?
Definition:
The tendency to overestimate one’s degree of influence over other external events.
Example:
One simple form of this effect is found in casinos: when rolling dice in a craps game people tend to throw harder when they need high numbers and softer for low numbers.
More on mycognitivebiases.com
——————————————
What are Cognitive Biases?
A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them and affects the decisions and judgments that they make.
——————————————
Note: The above links are affiliate links, we get a small cut if you buy anything from the above links which in turn goes towards helping us provide you with helpful content like this. Support us by using the links above.
Source: YouTube