Gamblers play electronic bingo at the Naskila Gaming centre in Livingston, Texas. Psychologists Daniel Kahneman and Amos Tversky found that professionals often seemed to display the “gambler’s fallacy”, believing that a certain event is more or less likely based on a prior sequence of events. Photo: AP 
Richard Harris
Opinion

Opinion

The View by Richard Harris

Don’t interpret rising US Treasury yields as a sign that a crash is coming

Richard Harris says the psychologically important 3 per cent rate mark for the 10-year US Treasury note may not signal doom and gloom if we look at the bigger historical picture

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Gamblers play electronic bingo at the Naskila Gaming centre in Livingston, Texas. Psychologists Daniel Kahneman and Amos Tversky found that professionals often seemed to display the “gambler’s fallacy”, believing that a certain event is more or less likely based on a prior sequence of events. Photo: AP 
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