Psychology, especially in the area of cognitive biases, have been of interest to me for a while. Thanks for sharing your thoughts. Would be interested to hear more in relation to other biases.

Another common one is the 'Gambler's fallacy, ' where a person mistakenly thinks the probability of a future event is altered by past events. E.x. Coin flipping and getting 'tails' 9 times might lead someone to mistakenly think there's a high probability that the next toss will be 'heads.' A series of coin tosses are independent events, with the probability of heads and tails being approximately 50%.

Speaking of biases, coins themselves exhibit biases due to thickness, center of gravity and the force applied to it (among other things). Apparently there's a 1/6000 chance the US nickel will land on it's SIDE. ;)

See 5:57 of this awesome video by VSauce: