20 mins read
The Psychological Factors Affecting Our Financial Decisions
Whether you are budgeting or investing, you are grappling with several psychological factors affecting your financial decisions.
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The Ultimate List of Cognitive Biases
14 mins read
The Sunk Cost Fallacy And How It Can Ruin Your Decisions
Sunk cost fallacy is a cognitive bias that causes people to include non-recoverable past costs in their decision-making process.
Anchoring: How We Cling to the First Piece of Information
Anchoring is a cognitive bias that describes the human tendency to overly rely on the first piece of information we find or is offered to us.
Loss Aversion: How We Fear Losses More Than Value Gains
Loss aversion is a cognitive bias, or a systematic pattern of thinking, that refers to our natural inclination to focus on setbacks more than progress.
Logical Fallacy vs Cognitive Bias – What Is The Difference Between Them?
Even though both fallacies and biases are very different from each other, they are both typically concerned with the same issues - errors in reasoning.
Red Herring Fallacy: Definition and Examples
The red herring is an attempt to divert the attention away from the relevant issue by introducing another irrelevant issue.
Straw Man Argument (Logical Fallacy): Definition and Examples
Straw man argument is a type of logical fallacy that occurs when someone deliberately distorts or misrepresents their opponent's position.
Ad Hominem: When Personal Attacks Become Fallacious
Ad hominem fallacy is based on personal and irrelevant attacks against the source of an argument instead of addressing the argument itself.
Tu Quoque Fallacy – Definition and Examples
5 mins read
Appeal to Emotion Fallacy: Definition and Examples
Appeal to emotion occurs when someone uses emotional appeals instead of relevant facts and logic to support a claim.
Appeal to Authority Fallacy: When and How Is It Wrong to Rely on Experts?
The appeal to authority fallacy occurs when one misuses the testimonies of perceived authorities in an attempt to back up a certain claim or position.
Appeal to Tradition Fallacy: Definition and Examples
Appeal to tradition is a logical fallacy based on the assumption that a traditional practice must be better than its newer alternative.
Post Hoc Ergo Propter Hoc (Logical Fallacy): Definition and Examples
Post hoc ergo propter hoc occurs when someone assumes that one event must have caused a later event simply because it happened after the other.
False Dilemma (Logical Fallacy): Definition and Examples
A false dilemma occurs when a limited number of choices, outcomes, or views are presented as the only possibilities.
Genetic Fallacy: Definition And Examples
The genetic fallacy is a logical fallacy in which someone accepts a claim as true or false solely on the basis of its origin.