What is the Green Lumber Fallacy in Betting?

The green lumber fallacy is a cognitive error described by Nassim Nicholas Taleb in his book “Antifragile”. The term derives its name from an anecdote about a successful trader of green lumber, which refers to newly sawn wood that has not yet been dried, who operated under the mistaken belief that green lumber was actually lumber painted green. This fallacy highlights a common misconception…

Source



from BettingGods.com https://bettinggods.com/faqs/betting/what-is-the-green-lumber-fallacy-in-betting/
https://blog.ent22vn.com/
ENT22 Việt Nam, nhà cái ENT22 trực tuyến uy tín Châu Á cung cấp các sản phẩm cá cược bóng đá, soi kèo bóng đá uy tín, game bài đổi thưởng, casino trực tuyến hấp dẫn nhất

Nhận xét

Bài đăng phổ biến từ blog này

A Comprehensive Guide to Casinos in The Philippines

A Guide to Casinos in Birmingham

SiGMA Summits in a Nutshell