Discover what sunk costs are and how the sunk cost fallacy can impact decision-making in personal and business scenarios.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. AI scales bias from flawed questions; better inquiry is essential. As organizations push ...

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 ...

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.

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 ...

Everyone makes mistakes or suffers from bad luck from time to time. But too often, people dig their heels when the tide is shifting against them, rather than getting back on course — especially when ...

Megan McArdle spent years in a doomed relationship. The reason, she says: She fell victim to a common economic fallacy. Our Planet Money team has a love story with an economic idea at its heart. And ...

AI amplifies the risk of loaded questions, embedding unchecked assumptions into decisions; leaders must improve inquiry to ...