Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...

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 ...

Speak like an insider! Welcome to Snopestionary, 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. The red ...

Forbes contributors publish independent expert analyses and insights. I write about leveraging neuroscience to create remarkable leadership. Having a solid foundation in logic can enable you to make ...

In simple terms, a logical fallacy is a flaw in reasoning that weakens your argument; you’ve drawn a conclusion based on illogical, irrelevant, deceptive, or otherwise faulty evidence. You’re probably ...

Six months of xenophobic political bloviation do not overturn centuries of experience. Trade and immigration are good for the US economy. As Adam Smith and David Ricardo explained two centuries ago, ...

The gambler’s fallacy is an important example of betting jargon and one that describes a common and problematic mindset that may impact your decision-making when gambling online. This is also known as ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...

The sunk cost fallacy addresses the tendency of people to continue on a suboptimal path because they have committed a lot of time or resources to it already. Investors, for example, may double down on ...