In business, this can manifest in several ways. Investors may fall prey to the gambler’s fallacy by believing that a stock that has performed poorly for an extended period is "due" for a rebound.

The hot-hand fallacy can have profound effects on decision making, particularly in high-stakes environments like business, finance, and sports. When leaders or decision-makers fall victim to this ...

This fallacy and the next one involve mistakes ... Here's an example: Everyone at Business Insider is smart and good looking, and Rachel Maddow is smart and good looking. Therefore, Rachel Maddow ...

A sunk cost fallacy then occurs if you lean into the ... like starting their own business, which leads to higher income in the long run alongside greater life satisfaction. "Sometimes it's about ...

The following is an alphabetical list of the logical fallacies we study in this course. Each fallacy is followed by a description of the proper method for identifying the fallacy (ID) when it occurs ...

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 ...