Cost-Benefit Analysis of Gambling

While gambling is a popular past time, it also has its drawbacks. A professional gambler must carefully select his or her bets in order to maximize the chance of winning. In addition to psychological factors, gambling can be influenced by cognitive and motivational biases. In this article, we will examine the risks and rewards associated…

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Rumors and Rumor Bombs

The Psychology of Rumor, a 1947 work by William Stern, identifies four stages of rumor development: the introduction of the rumors, the volunteered information, the discussion of the rumors, and the spread of the rumors. Each stage contributes to the development of the rumor. A rumor can be easily defined by following these four stages….

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