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The Gambler's Fallacy: casino (jobsires.com) The mistaken belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future (e.g., "Red has come up 5 times in a row, so black is due"). Loss Aversion: casino The pain of losing is psychologically about twice as powerful as the pleasure of gaining. This can lead to "chasing losses" in an attempt to get back to even. Intermittent Reinforcement: casino The unpredictable nature of rewards (wins) is highly addictive.
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