Discover the gambler's fallacy, why past events don't affect future outcomes, and how this misconception impacts gambling and ...

Discover what sunk costs are and how the sunk cost fallacy can impact decision-making in personal and business scenarios.

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 ...

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

Economics professors typically cover the “economic way of thinking” in the first chapter of a principles of economics course. After covering 8-10 of the most important guideposts and principles of ...

With the constant stream of data about COVID-19, it can be hard to make sense of all the numbers. We look at the base rate fallacy, and how some people are making this mistake when assessing risk.

Speak like an insider! Welcome to Snopestionary, 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. The red ...

Have you ever encountered a subpar hotel breakfast while on holiday? You don’t really like the food choices on offer, but since you already paid for the meal as part of your booking, you force ...

All too many people behave as if they are experts in everything. The internet is partially to blame. The widespread availability of information is both a blessing and a curse. Indeed, the adage "a ...

Let’s bust some myths about cloud-based phones. When the infrastructure is designed correctly, most VoIP equipment is equal ...