Dopamine’s Role in Gambling and Investing
Dopamine is a crucial neurotransmitter in the brain, often referred to as the “happiness hormone”...
Feb
Why Casinos Always Win
Casinos always win in the long run because they are designed to have a statistical...
Feb
Why Selective Memory is Dangerous for Gamblers and Investors
Selective memory can be extremely dangerous for both gamblers and investors because it causes them...
Feb
Why Unrealized Gains Are Dangerous for Both Gamblers and Investors
“Unrealized gains” refer to an increase in the value of an asset that has not...
Feb
Stages from a Casual Gambler to a Gambling Addict
1. Experimentation Stage 2. Regular Gambling Stage 3. Risk-Taking & Increasing Bets Stage 4. Loss...
Feb
The Danger of Probability Illusion in Investing and Gambling
Probability illusion (or misinterpretation of probability) is one of the key reasons why many people...
Feb
Optimistic Illusion: Why People Lose Money in Gambling and Investing
Optimistic illusion is one of the main reasons why people lose money in gambling and...
Feb
From an Ordinary Man to a Professional Gambler
A Casual Beginning Minh, an ordinary office worker, never imagined that his life would be...
Feb
The Psychology of Gambling and Priceless Lessons
Below are some reflections and analyses on the “psychology of gambling” as well as the...
Feb