Dopamine’s Role in Gambling and Investing

Dopamine is a crucial neurotransmitter in the brain, often referred to as the “happiness hormone”...

Why Casinos Always Win

Casinos always win in the long run because they are designed to have a statistical...

Why Selective Memory is Dangerous for Gamblers and Investors

Selective memory can be extremely dangerous for both gamblers and investors because it causes them...

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...

Stages from a Casual Gambler to a Gambling Addict

1. Experimentation Stage 2. Regular Gambling Stage 3. Risk-Taking & Increasing Bets Stage 4. Loss...

The Danger of Probability Illusion in Investing and Gambling

Probability illusion (or misinterpretation of probability) is one of the key reasons why many people...

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...

From an Ordinary Man to a Professional Gambler

A Casual Beginning Minh, an ordinary office worker, never imagined that his life would be...

The Psychology of Gambling and Priceless Lessons

Below are some reflections and analyses on the “psychology of gambling” as well as the...