What are some common cognitive biases that can affect your play in Blackjack?

[Datweirdo]

Common cognitive biases that can impact play in Blackjack include the illusion of control, where players believe they can influence outcomes despite the game's randomness. Confirmation bias often leads players to focus on winning hands that support their strategies while ignoring losses. The gambler's fallacy can cause individuals to misinterpret past results, believing that previous outcomes affect future ones.

 

[CR7]

Additionally, availability bias can occur when players place undue importance on recent or memorable events, affecting their decisions at the table. Anchoring bias can lead players to fixate on particular numbers or outcomes, which may not be relevant to the current hand. Overconfidence bias can cause players to overestimate their skills and ignore the probabilities involved in the game.

Other biases that can impact play in Blackjack include selective memory, where players remember wins more vividly than losses, leading to an inaccurate perception of their overall performance. Loss aversion bias can make players overly risk-averse, causing them to miss out on opportunities to capitalize on advantageous situations.

By being aware of these cognitive biases and actively working to counteract them, players can make more informed and rational decisions while playing Blackjack, ultimately improving their chances of success at the table.

 

[Mindset]

i know of Hindsight Bias like this is the tendency to believe that events are more predictable after they have occurred. For example, a player might believe that they should have known the dealer had a certain card based on the outcome of the hand.