The Gambler's Fallacy: The Psychology of Gambling (6/6)

This is the sixth video in a six-part series on the Gambler’s Fallacy.
The Gambler’s Fallacy is just one of a set of cognitive errors that people are prone to make when they gamble. Others include “illusions of control”, “selective memory” and believing that a person can have personal attributes like “luck” that influence how they do.
In this video I survey these cognitive errors and some of the experimental evidence that demonstrates them. I then show how these relate to a broader set of psychological factors that are involved in explaining gambling behavior - and in particular, so-called “problem” gambling, with pathological or addictive behavior at one end of the spectrum.