(MoneyWatch) Have you heard the parable of the broken window? It's a wonderful example of unintended consequences that applies not only to businesses activity and government regulations, but to ...

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

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 ...

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

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

The fallacy is that we are surprised when things that are supposed to vary a lot, come down one way a number of times. We feel the next case must break the pattern. In reality, there is no pattern.

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

In addition to being a publisher, poet, planter of trees and polyamorist, Felix Dennis, founder of Maxim and The Week magazines, is simply one of the most entertaining people you could hope to ...

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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 ...