The gambler’s fallacy is an important example of betting jargon and one that describes a common and problematic mindset that may impact your decision-making when gambling online. This is also known as ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

In Economics, sunk cost is defined as the cost already incurred and cannot be retrieved or recovered. Rationally, we should make decisions based on the future value of investments, goods, services, ...

“Maybe they’re just ignorant?” I’ve lost count of how many times I have heard this hopeful suggestion from students and colleagues trying to navigate ideological divides. It’s usually offered as a ...

To the Times: Your editorial of Aug. 17 asks “Mosque can be built – but should it be?” The better question might be, “Editorialists are free to set up logical fallacies – but should they?” You state: ...

Clear and rational thinking is essential for effective decision-making and communication in the work place. However, logical fallacies—errors in reasoning that undermine the logic of an argument—are ...

Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...