It’s no secret that countless times throughout history, decisions have been made without taking into account the full scope of information available. The consequences of this can be seen in the numerous cases where those choices have ultimately proven to be ill-advised. Unfortunately, this phenomenon has become known as the McNamara fallacy. An age-old phenomenon,…
No True Scotsman A mysterious and perplexing history lies behind the “No True Scotsman” fallacy. Appearing in the 1970s, this logical fallacy is used to explain away inconsistencies in arguments. It works by having one person make a broad statement about a certain group of people, while another counters that the initial argument does not…
Time and again, history is rife with incidents of a certain kind of fallacy where one side tries to discredit the other before they’ve even had the chance to utter a word. This kind of ploy has been employed countless times, leaving its mark on our past. Throughout the ages, there has been a tendency…
It’s a tale as old as time, yet not quite the same. Don’t be fooled into believing that the facts are cut and dry – there’s always something more beneath the surface. Nothing is ever truly what it seems, so don’t be too quick to make assumptions. The past may offer lessons, but it can…
It may be tempting to assume that a player’s past accomplishments will guarantee future triumph, yet one must take heed not to succumb to the illusion of such a fallacy. Remember, history has the tendency to repeat itself – but it is not a certainty. It may be easy to assume that a player’s past…
The past can be no indication of what is to come. It is a lesson that has been repeated throughout history, and one which continues to prove itself true. Despite the temptation to think otherwise, it cannot be denied that there is no guarantee of what the future will bring. Awe-inspiring, yet enigmatic – that…
As the th century unfolded, a mysterious force began to take shape, its power slowly gaining momentum. Unbeknownst to many, this powerful entity had the potential to revolutionize the way random sampling was conducted. Fast-forward to today and Monte Carlo stands tall as a testament to its remarkable evolution – an evolution that has enabled…
Unearth the enigma of Monte Carlo simulation! Is this method still employed in the present day? Delve into its past and find out! Since its inception in the 1940s, Monte Carlo simulation has been utilized by mathematicians, physicists and other experts to comprehend the behavior of particles in nuclear reactors. This technique was used to…
From the annals of wagering, a lesson to be taken away – don’t presume that what has transpired in the past shall dictate what is to come! A mistake often made by those who gamble, but one that must be avoided if success is to be achieved. Gambling has a narrative of valuable lessons to…
Unravel the mystery of the / chance fallacy, and delve into the potential pitfalls of depending on luck instead of evidence-based choices. Uncover what lies beneath the surface and understand why you should never take a gamble with your decisions. The concept of the 50/50 chance fallacy has been around for ages, and it suggests…