To be fair, as a participant in psychology experiments I go in aware that it's plausible, even likely that I am being misled about what's really going on. That's even
necessary in some experiments. Maybe I'm not technically
lied to but if deliberately engineering a false impression is the goal, psychologists are the people to do it in a controlled experiment. The experimenters aren't (ethically) allowed to cause you harm, and they'll probably tell you exactly what was really going on
afterwards at least if you ask, but during the experiment everything is potentially suspect. Maybe the task you're focused on was just a distraction and they really care whether you notice the clocks in the room are running too fast so that "five minutes" to do the task is really only 250 seconds - but equally maybe the apparent "time pressure" to complete the task is the distraction and they really care whether you lie about completing it properly given an opportunity to cheat.
So if the experimenter in a psych experiment tells me the coin is biased 60% heads, I don't consider that the same way I would if the friend I play board games with says it.
As a result chances are my first few dozen bets are confirming this unusual claim about the world. Biased coins are hard to make, is this coin really biased? Maybe I try fifty bets in rapid succession, $1 on heads each time. Apparently that's expected to take about five minutes of my half an hour, and before that's done I won't feel comfortable even assuming it's really 60% heads.
And at the end of those five minutes on average I turn $25 into $35 and feel comfortable it's really 60% heads or that I can't tell what's wrong.
Now, why gamble on tails? Well like I said, Psychologists mislead you intentionally during experimentation. Maybe the experimenter tells you it's 60% likely to be Heads. If the gamer told me that, I believe it's 40% likely to be Tails because that's logical, but when an experimenter tells me that, I wonder if it's also 60% likely to be Tails if I bet on Tails, and I might be tempted to check.