I argue that the tornado fallacy places the public at risk ... (Photo by Daniel Acker/Getty Images) ...

Getty Images / Monty Rakusen The lump of labor fallacy is the mistaken belief that there is a fixed amount of work available in the economy, and that increasing the number of workers decreases the ...

Sunk cost fallacy involves continuing investments due ... Image source: Getty Images. A sunk cost is an investment of time or money that's already been spent. Say you spend $1,000 to invest ...

Many people fall victim to the “sunk cost fallacy” at some point in their lives. Maybe you have stayed at an amusement park even though it was hot and crowded, or remained at a concert even ...

One of the many dangers of the end state fallacy is the tendency to forget the causes of war—and how bad a given state could become in peacetime—until it becomes involved in a civil war or broader ...