You have probably encountered the base rate fallacy, and it probably fooled you. Part mathematical paradox and part cognitive ...

(MoneyWatch) Have you heard the parable of the broken window? It's a wonderful example of unintended consequences that applies not only to businesses activity and government regulations, but to ...

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 ...

The fallacy is that we are surprised when things that are supposed to vary a lot, come down one way a number of times. We feel the next case must break the pattern. In reality, there is no pattern.

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“After the U.S. experience during the Great Depression, and after inflation and rising interest rates in the 1970s and disinflation and falling interest rates in the 1980s, I thought the fallacy of ...

Speak like an insider! Welcome to Snopes-tionary, 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. Also known ...

Before we talk about the quality of education or the importance of freed, when it comes to charter schools, there's a much more fundamental fallacy that we must address first, a fallacy that addresses ...