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Gambler’s Conceit
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Coined by behavioral economist David J. Ewing, the term “Gambler’s Conceit” refers to a fallacious belief held by many gamblers that they can stop whenever they want, but that they won’t stop until they’re ahead. This is considered to be a fallacy because the irrational drive to gamble until one gets ahead is already a problem, and that problem is compou…
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