base rate fallacy
Base rate fallacy refers to the tendency to underestimate the importance of general information (base rates) and instead rely heavily on specific, but sometimes irrelevant, individual information when making judgments or decisions.
Requires login.
Related Concepts (2)
Similar Concepts
- bandwagon fallacy
- circular reasoning fallacy
- composition fallacy
- ecological fallacy
- false dichotomy fallacy
- gambler's fallacy
- gamblers' fallacy
- genetic fallacy
- hasty generalization fallacy
- logical fallacy
- planning fallacy
- regression fallacy
- statistical fallacy
- sunk cost fallacy
- the hasty generalization fallacy