Can you really control random chance?The hidden bias making your investments much riskier.

From the show

The Logic Glitch

Understanding the illusion of control can save you from costly financial mistakes. In 1975, researcher Ellen Langer discovered that people who chose their own lottery tickets demanded four times more money to sell them back than those handed a random one. Personal involvement tricks the brain into feeling a false sense of power over unpredictable outcomes. Recognizing this cognitive blind spot helps prevent overconfidence when holding onto risky bets.