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 ...

(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 ...

We are surrounded by random events every day. Will the stock market rise or fall tomorrow? Will the next penalty kick in a soccer match go left or right? Will your lottery ticket finally win? Often, ...

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 ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Andy Kiersz Every time Andy publishes a story, you’ll get ...

Do you think good moments and bad moments in life have to even out eventually? Here’s why this line of thinking may be fundamentally flawed. Imagine you are standing at a roulette wheel in a casino.

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 ...

Voltaire wrote in 1772, “the best is the enemy of the good”, warning against the fallacy that something is worthless if it is not perfect — a sentiment that seems common in scientific peer review ...