What is Masked-Man Fallacy?

The masked-man fallacy turns out to be a philosophical logic when a person or thing uses Leibniz's law illicitly in an argument. According to Leibniz's law, if A & B are the same objects, A & B are indiscernible. It is a logical error because every human can see through disguises. There are several reasons for this mistake, and the most common is that people tend to use only one [...]


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What is Base Rate Fallacy?

Base rate fallacy, commonly known as the base rate bias or base rate neglect, is an extremely widespread form of financial philosophy. People tend to completely ignore the established average interest rate favoring the latest, most accurate information, and completely disregard the base interest rate's influence. In reality, the interest rate should be considered along with other factors when formulating a budget or economic plan. Otherwise, any budget is destined [...]


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What is Conjunction Fallacy?

A conjunction fallacy occurs whenever someone assumes a probability in the presence of a set of specified values when there is no such thing. For example, the following statement is an example of the conjunction fallacy: Assuming that if X happens, Y will also occur. This is false because there is no existence of a set X, a Y, and any Y whatsoever. Premises Associated with Conjunction Fallacy The premises, [...]


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