For the gambler, there often isn't "wins and losses" to reflect upon and possibly use to make decisions on future bets; there is something else.
It's because of our inherent tendency to see things the way we want to see them, rather then for what they are, that the gambler actually is likely to see "wins and near-wins".
"Near-wins" are outcomes that otherwise would have been a win if it weren't for some fluke that requires a mere strategical tweak.
"He dropped the ball, it was a horrible call, I should've doubled down".
The gambler ends up seemingly one strategical tweak away from a win; and therefore continues.
Maybe this is fine, but know this: wins can be near-losses just as easily.
How good are you at scrutinizing your preconceptions?
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