In simple terms, a logical fallacy is a flaw in reasoning that weakens your argument; you’ve drawn a conclusion based on ...

He's got eight years' experience in the betting industry… The classic definition of the gambler’s fallacy, also known as the Monte Carlo fallacy, is the mistaken belief that past events can influence ...

[This article is excerpted from Economic Controversies, chapter 21, “The Fallacy of the ‘Public Sector’” (2011). It originally appeared in the New Individualist Review (Summer, 1961): 3–7. Editor’s ...

USA TODAY Network is offering commemorative posters celebrating the Philadelphia Eagles' Super Bowl 59 victory. The posters feature iconic images and headlines from the game, capturing the Eagles ...

It would require more time and effort on your part if you do. The sunk cost fallacy causes people to stick with a failing decision just because they've already invested in it. Psychological biases ...