Falling for the Hot Hand Fallacy and the Gambler’s Fallacy simultaneously? How?
Have you ever heard of the hot hand fallacy and the gambler’s fallacy? Chances are, you have. These two cognitive biases are pretty famous, thanks to a bunch of studies in psychology and economics that have shed light on them. They’re especially popular topics in the worlds of sports and gambling. Think about it: in […]
China’s Youth Unemployment
An emerging trend on Chinese social media platforms is the prevalence of posts by individuals who refer to themselves as “Professional Children.” The creators of these posts are young adults who, unfortunately, find themselves unemployed and living with their parents. Buzzwords such as “lying flat” and “letting it rot” have become popular on major internet […]