Learn what the sunk cost fallacy is, why people stick with bad decisions, and how to recognize this bias in money, work, ...
The timeless ideal of true, unshakable happiness is that it is not found "out there," but is an inherent quality of our own soul. This isn't a modern self-help slogan; it is a truth that wise souls ...
(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 ...
Editor's Note: For 31 years now, Paul Solman's reports on the NewsHour have aimed to make sense of economic news and research for a general audience. Since 2007, our ...
Choose where you direct your resources. Allocate your time, money, and effort with ecological coherence in mind. Support organizations regenerating soil, protecting biodiversity, and building food ...
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.
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 ...
This instinct reflects what might be called the Body Count Fallacy: the belief that moral responsibility in war can be determined by comparing death tolls. Yet wars are not measured in numbers alone.
Qatar represents the Jeffrey Epstein of world politics.The post The West’s pragmatic fallacy appeared first on JNS.org.