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This is named after people's tendency to make risky or foolish gambling decisions if they feel they are on a "lucky streak" or if they feel their "luck is about to turn".
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If it goes wrong, history will judge it only a foolish gamble.
5.57pm BST Foolish gambles There's been a lot of talk this morning over the bet made between 49ers quarterback Colin Kaepernick and his Seattle counterpart Russell Wilson during a commercial for the latest edition of the Madden video game series.
I spoke with a housing counselor in Florida not long ago who told me that the only client she had that had gotten debt relief, out of dozens, was the one who had made the most foolish gamble on buying his home.
Then again, it seemed foolish to gamble $2,000 or more to revive an already old car.
It seems foolish to gamble with his future.
The big money has ceded the marketplace to individuals who are bold enough, or perhaps foolish enough, to gamble on these stocks for a few hours.
Barker denied the tale later in life, stating he had no interest in the position and no one who knew Howe would be foolish enough to gamble with him, as Howe had shown himself to be uncommonly lucky.
And there's lots of talk about how we're going to borrow the money to do it Trump's agenda relies on private financing through public-private partnerships, a foolish and dangerous gamble.
He didn't give advantage, and couldn't take the gamble of a foolish entanglement — not now, anyway.
We should demand responsible retail banking, industrial banks that forge long-term partnerships with businesses, and ringfenced "investment" banks where the foolish and the greedy can gamble with exotic pieces of paper.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com