Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...
The gambler’s fallacy is an important example of betting jargon and one that describes a common and problematic mindset that may impact your decision-making when gambling online. This is also known as ...
If you follow debates about political or philosophical issues, you have probably run across people accusing their opponents of committing the "No True Scotsman Fallacy" or even been accused of it ...
“Maybe they’re just ignorant?” I’ve lost count of how many times I have heard this hopeful suggestion from students and colleagues trying to navigate ideological divides. It’s usually offered as a ...
Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...
To persuade you, people often try to use logical fallacies (Credit: Javier Hirschfeld) When people are trying to persuade you, they sometimes reach for underhand tricks like the 'appeal to ignorance' ...
It has been suggested that approximately five exabytes (i.e. about 5,000,000,000 pickup truck beds full of information typed on paper) of data are created each day. What is tougher to decipher is how ...
When we refer to fallacies, we are describing things that are mistakes, and if they are logical fallacies, they are mistakes in reasoning. It is impossible to read the news today or (worse) watch the ...
In an era of “post-truth” and “truthiness,” it can be hard to defend the common-sense belief that reality exists independently of how people think about it. Skepticism about reality comes in many ...