Without a time machine, there is no way to know if this is true, but further, the line of thinking falls into a logical ...

The fallacy of the converse involves the first mistake above — assuming that if the second "then" clause is true, then the first "if" clause is also true. Here's an example: Everyone at Business ...

when it occurs and mistakes commonly made in identifying the fallacy (MID). Hyperlinks connect to examples of the fallacies and their proper identification. Def.: Attempting to refute a statement by ...

The Identification of fallacies is a three step process. 1. Name the fallacy. 2. Define the fallacy. 3. Show how the definition fits the example in question. The first two steps are simply a matter of ...

Opinions expressed by Forbes Contributors are their own. Bryce Hoffman writes about leadership, strategy, and decision making. The base rate fallacy is a cognitive bias that causes us to ignore or ...

The failure to understand independence lies at the heart of two famous phenomena: the gambler’s fallacy and the “hot hand” in sports. When we do understand independence, we can make better decisions ...

Learn more about the gambler’s fallacy and the fascinating ways in which it influences the psychology of casino gambling.

Investors may fall for the gambler’s fallacy, assuming markets are “due” for a drop after strong gains. Jeff Schulze of ...

The pathetic fallacy suggests the warm, loving emotions have gone leaving a cold emptiness in the speaker. William Wordsworth's poem I Wandered Lonely as a Cloud is a great example of pathetic ...

This historic night is now a textbook example of the gambler's fallacy: the mistaken belief that past events influence the likelihood of future outcomes in a sequence of independent trials.