Understanding Risk Perception?
Misjudging risk is a universal issue — it doesn’t matter how smart or experienced you are, your brain will still trick you sometimes. What’s fascinating is how our perception of risk is often based more on recent experiences than actual probabilities. The article https://www.uniindia.com/the-psychology-of-winning-strategies-in-probability-games/press-releases/news/3448381.html I read breaks this down beautifully. It explains how wins can make us underestimate risk (“I’m on a roll!”) and losses make us overestimate it (“This game is cursed!”). Recognizing that our brains aren’t built for truly understanding probability is key to getting better at games. The article suggests focusing on long-term averages and ignoring emotional reactions to short-term results. That shift in mindset helped me stop overreacting and play more consistently. Definitely give it a read if this sounds familiar.
Totally agree, gambling’s a slippery slope if you’re not careful. Still, I know a guy who does it professionally and makes a decent living — but he treats it like math and psychology, not luck.