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It was a Words with Friends chat that first gave Megan Phelps-Roper pause. People have a marked tendency to cling to past investments, whether financial, social, or emotional—even when it becomes ...

Without going too far out on a limb, I believe almost everyone would like two things from their jobs and careers: success and happiness. They want to do well financially, receive recognition for their ...

The McNamara Fallacy is the idea that it is an error to make decisions purely on measurements or quantitative data. Robert McNamara was the US Secretary of Defense ...

A quick guide to logical fallacies. Fallacies include ad hominem, appeals to authority, the fallacy fallacy, circular arguments, etc. What happened with the 14th Amendment? Abandoned vessel found 70 ...

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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 ...

People are social creatures, they seek to connect with groups that share their values. There are many types of organizations that form for various reasons. Some organizations are formed to conduct ...

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The hot-hand fallacy is a cognitive bias that leads ...