Conjunction Fallacy
A logical fallacy where people assume that specific conditions are more probable than a single general one.
3 topics found for
“probability misjudgment”
Hot Hand Fallacy
The mistaken belief that a person who has experienced success in a random event has a higher probability of further success in additional attempts.
Ratio Bias
A cognitive bias where people judge the likelihood of an event based on its relative size rather than absolute probability.