Learn about the gambler's fallacy, its definition, examples, and how it influences decision-making, as well as strategies to avoid it.

The pursuit of self-improvement can sometimes lead us astray, according to neuroscientist Rachel Barr. She's coined the term "cold-plunge fallacy" to describe how specific wellness trends might do ...

Learn about gambler’s fallacy, its impact on decision-making, and how to avoid this common pitfall with real-life examples.

For example, businesses look to hire creative people, despite the inconsistent and unimpressive relationship between personality and creative performance, [2] rather than trying to develop their ...