Game Theory & Bias
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Statistics, probability and decision theory — educational content for beginners.
Game Theory & Bias
Game Theory & Bias
The Gambling Soul: How Emotions Alter Our Gaming Choices
Have you ever found yourself facing a choice, perhaps an investment or an important decision, and felt that your emotional reaction to a potential gain or loss was not entirely rational? Perhaps you were more cautious in the face of a small risk of losing something of your own,…
Game Theory & Bias
The Illusion of Patterns: When the Brain Sees Order in Chaos
Our brain is an extraordinary machine, capable of processing an incredible amount of information, learning, creating, and solving complex problems. Yet, sometimes, its innate ability to find patterns and connections can lead us astray, especially when confronted with pure…
Game Theory & Bias
The Illusion of Control: When Overconfidence Harms Your Wallet
Have you ever felt absolutely certain about something, only to discover you were spectacularly wrong? Perhaps you were convinced you had predicted the outcome of a football match, chosen the fastest queue at the supermarket, or identified the best offer among a sea of…
Game Theory & Bias
⚓ The Invisible Anchor: How the Jackpot Shapes Our Gaming Decisions
Imagine walking down the street and seeing a bright sign announcing a record jackpot of several million euros. That enormous, almost unimaginable figure immediately catches your attention. It's seductive, fascinating, and in some way, it sticks with you. It doesn't matter if…
Game Theory & Bias
Winnings are Re- wagered Lightly: The Phenomenon of Mental Accounting in Gambling.
Have you ever found a 5 euro banknote on the ground and spent it almost without thinking, perhaps on a coffee or a small treat, whereas you would have hesitated to spend the same amount from your wallet? If the answer is yes, you have personally experienced mental…
Game Theory & Bias
🎯 The Near-Triumph: Why "Just Missing" Victory Is So Alluring
🎯 The Near-Triumph: Why "Just Missing" Victory Is So Alluring Imagine playing a video game and reaching the…
Game Theory & Bias
The Invisible Anchor: Why "I've Already Spent So Much" Stops Us from Quitting
How many times have we found ourselves in situations where, despite it being clear that the path taken was not the right one, we continued down it, motivated by a fixed thought: "I've already invested too much to stop now"? This is not just a saying, but the expression of a…
Game Theory & Bias
✨ The Distorted Reflection: How TV Winnings Deceive Our Minds
How many times have we watched millionaire winnings from gambling on television? News of people who, with a stroke of luck, saw their lives change radically. These stories, often spectacular and full of emotion, leave a deep impression on our minds. But what really happens…
Game Theory & Bias
The Player's Selective Memory: When You Only Remember Wins (and forget the rest)
In everyday life, and even more so in the world of gambling, our mind is a master at creating illusions, often without our knowledge. One of these, subtle and powerful, is confirmation bias. It is not an exception, but an almost universal rule of our way of thinking. This…
Game Theory & Bias
⚖ The Unfair Weight: Why a Loss Feels Twice as Heavy as an Equal Win
Have you ever experienced a much more intense discomfort from losing 50 euros than the joy you felt from winning the same amount? If the answer is yes, you are not alone. This phenomenon, deeply rooted in our psychology, is known as loss aversion, a cornerstone concept in…
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