The conjunction and disjunction fallacies are famous for revealing the limits of human reasoning about probability. This can be measured by telling people a short story about a character and then ...

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

The gambler's fallacy is the opposite of recency bias. It occurs when you start believing that because a certain result happened more frequently in the past, there's a higher probability a different ...

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 ...

The multiverse theory is a theory in theoretical physics that claims that there are multiple universes other than the one we live in, and is discussed in the fields of physics, philosophy, and logic.

One of the most interesting things that comes out of behavioral research is the situation in which people act as though they believe one thing and their actions cause the opposite outcome to occur. A ...

Please provide your email address to receive an email when new articles are posted on . In a recent survey study, nearly 80% of physicians overestimated the probability of successful patient outcomes ...