When we tell ourselves a false, but convenient, story based on insufficient data, we lead ourselves astray. Learning to recognize narrative fallacy is a necessary first step.

This article was originally published on mentalfloss.com as 5 Common Terms That Double as Logical Fallacies.

The sunk cost fallacy occurs when owners continue a course of action based on previously invested resources instead of evaluating the current situation based on future costs and benefits.

The logic behind argument: Coming face to face with fallacies An argument is considered valid if it takes a form that makes it impossible for the premises to be true and the conclusion to be false.

A straw man argument is an informal fallacy where someone refutes an argument different from the one actually under ...

In this interview, we focus on "narrative fallacy," which helps explain a common way people create misleading inferences by filling in the blanks in the data too quickly.