odds - Reflectd - bringing psychology studies to life https://reflectd.co Bringing psychology studies to life Tue, 10 Jan 2023 11:50:56 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/reflectd.co/wp-content/uploads/2024/07/cropped-Reflectd-Books_H4-e1719817178628.jpg?fit=32%2C32&ssl=1 odds - Reflectd - bringing psychology studies to life https://reflectd.co 32 32 89556574 Why We Always Lose in Gambling Over Time: We Fail to Make Accurate Predictions About Probability https://reflectd.co/2013/09/11/why-people-fail-to-make-accurate-predictions-about-probability/?utm_source=rss&utm_medium=rss&utm_campaign=why-people-fail-to-make-accurate-predictions-about-probability https://reflectd.co/2013/09/11/why-people-fail-to-make-accurate-predictions-about-probability/#respond Wed, 11 Sep 2013 08:03:00 +0000 http://reflectd.wordpress.com/2013/09/11/people-fail-to-make-accurate-predictions-about-probability-because-of-mental-shortcuts-representativeness-heuristic/ When we solve problems and make decisions and judgments, we very often use mental shortcuts (so-called heuristics). We use these heuristics if we neither have resources nor time to compare all available information before making a choice. In other words, heuristics ease the cognitive load of making a decision. In general, heuristics can be helpful […]

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