All of us are of diminished capacity when cognitive biases degrade our thinking, and one way to fight cognitive biases is to expose our thinking to the scrutiny of others, as was done in the recent debate on Paternalism. In all of our thinking, whether we are thinking of taking cocaine or Dr. Quacko’s Snake Oil Miracle Tonic, or gambling with futures options or roulette wheels, we are subject to cognitive biases. For example, for gambling we humans are subject to the following biases: gamblers fallacy, clustering illusion, availability heuristic, attentional bias, illusory correlation, ludic fallacy, optimism bias, overconfidence effect, positive outcome bias, rosy retrospection, and the Texas sharpshooter bias.