The Impact of Emotional State on Gambling Decisions
Gambling's illusion of control makes players believe they have some power to influence random events, leading them to bet more frequently and take greater risks. But it is essential to distinguish between feelings and facts.
Participants reported experiencing numerous negative repercussions as a result of their gambling behaviors, such as financial strain and relationship tension. They also experienced emotional turmoil as their partners' dishonesty or concealment of gambling issues undermined trust and established ways of living.
The Gambler’s Fallacy
The Gambler's Fallacy is a cognitive bias in which individuals misperceive that future outcomes are either less likely or more likely due to past outcomes. This error stems from our inherent understanding of randomness, with grave ...
