Learn what the sunk cost fallacy is, why people stick with bad decisions, and how to recognize this bias in money, work, ...

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 ...

Columnist Raymond Atkins explains eight common logical fallacies, urging readers to spot faulty reasoning in politics and daily life.

With the constant stream of data about COVID-19, it can be hard to make sense of all the numbers. We look at the base rate fallacy, and how some people are making this mistake when assessing risk.

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The gambler’s fallacy is ...

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.

The timeless ideal of true, unshakable happiness is that it is not found "out there," but is an inherent quality of our own soul. This isn't a modern self-help slogan; it is a truth that wise souls ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has ...

Sen. Rand Paul (R-Ky.) said Wednesday that it is a “fallacy” to think tariffs will help the country’s economy as President Trump gears up to impose massive reciprocal tariffs on U.S. trading partners.