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When a gambler plans to quit playing after making a certain percentage of his bankroll, for example, 10%, he is operating from gambler’s conceit. He thinks he is practicing “good money management,†but underlying this apparently positive discipline is a false sense of invincibility. Gambler’s conceit is the fallacy described by behavioral economist david j. Ewing, where a gambler believes they will be able to stop a risky behavior while still engaging in it. [1] this belief frequently operates during games of chance, such as casino games. Gambler's conceit (2013) on imdb: movies, tv, celebs, and more. The results show that gambler’s fallacy remains more evident among chinese investors than the hot-hand effect. Gambler's conceit is a dangerous mindset to have, as it can lead to a spiral of increasing risk-taking and mounting losses. To avoid falling into this trap, it's important for gamblers to recognize the role that chance and probability play in their activities, and to set clear limits and boundaries for themselves before they begin gambling. The term gambler's conceit is next to gambler fallacy which explains that every next game is not independent and good luck means a lot while gambling. Though, gambler's fallacy is considered to be one of the popular roulette myths. The gambler's conceit can be also compared with such physical addictions as alcohol and smoking

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