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gambler's fallacy

 
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How to Make a Bad Decision

Some of our most important decisions are shaped by something as random as the order in which we make them. The gambler’s fallacy, as it’s known, affects loan officers, federal judges — and probably you too. How to avoid it? The first step is to admit just how fallible we all are.

11/16/16
39:16

Trust Me

Season 6, Episode 15 This week on Freakonomics Radio: Societies where people trust one another are healthier and wealthier. In the U.S. (and the U.K. and elsewhere), social trust has been falling for decades — in part because our populations are more diverse. What can we do to fix it? Plus: Some of our most important decisions are shaped by . . .

12/16/16

Trust Me (Replay)

Season 6, Episode 48 This week on Freakonomics Radio: societies where people trust one another are healthier and wealthier. In the U.S. (and the U.K. and elsewhere), social trust has been falling for decades — in part because our populations are more diverse. What can we do to fix it? Plus: some of our most important decisions are shaped by something . . .

8/3/17

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