There is clearly no need for formal instruction in "how to play," in "getting along with the group," in "selecting a dentist, ...

Discover the base rate fallacy's impact on investing decisions. Learn how overlooking this cognitive bias can lead to financial misjudgments and market misconceptions.

If you’ve ever let unworn clothes clutter your closet just because they were expensive, or followed through on plans you were dreading because you already bought tickets, you’re familiar with the sunk ...

Learn about the Broken Window Fallacy in economics and discover how destruction impacts economic growth by diverting resources from productive use.

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The gambler’s fallacy is ...

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The base rate fallacy is a cognitive bias that causes us to ...

Speak like an insider! Welcome to Snopes-tionary, where we’ll define a term or piece of fact-checking lingo that we use on the Snopes team. Have a term you want us to explain? Let us know. As its name ...

I’ve written in CP before that I believe once a Christian is saved through the sacrifice of Christ, they cannot lose their salvation. This doctrine is most often called the perseverance (sometimes ...

The sunk cost fallacy is a theory that posits that we keep going down a path that may not be ideal because of the amount of ...