The gambler’s fallacy is a heuristic in which someone continues to gamble even though the odds are against them. Even after losing, they will continue to gamble, essentially throwing away their money. My roommate exhibits this heuristic perfectly. He is addicted to buying scratch tickets and will not stop. Even when he loses several times in a row, he will continue to purchase more tickets. At times, this will even fuel his addiction as he believes that he is due for a win.
I do this, too, except not with scratch tickets. Whenever I play "rocks, paper, scissors" with someone, I will often base my decision on what to throw on how frequently it has been used. Most of the time, I lose, but it makes sense to me at the time, because I believe that it has to be a winning hand at some point.
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