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 ...

“It is not my aim to surprise or shock you – but the simplest way I can summarize is to say that there are now in the world machines that think, that learn, and that create. Moreover, their ability to ...

Feel free to celebrate explorers who found shorter routes from here to there. Marvel at feats of engineering that significantly reduced travel and shipping time. But think carefully and scrutinize ...

At the heart of Meta's recent mass layoffs lies a tale of cognitive biases at play, wreaking havoc on the company's financial standing and employee morale. Mark Zuckerberg's ambitious bet on the ...

We all have cognitive biases — ways in which our thinking can be flawed, skewed, or driven by emotion rather than logic. Our cognitive biases serve a purpose: They develop out of a need to sort ...

People often ask me how they can avoid misinformation. I wish there was an easy answer, but effectively avoiding misinformation means reevaluating our relationship with information. The perpetuation ...

I had a funny thing happen to me the other day. I was in Las Vegas playing baccarat. Turns out, the game is really simple: There is no skill to it, and all you have to do is flip the cards over and ...

Even if you’ve never heard of the planning fallacy, you’ve likely experienced it. It’s a phenomenon in which a person or team underestimates how long a task will take and what it will cost in money or ...