I was fighting with my emotions. For several weeks, my wife and I had been shopping for a new car. For years I had resisted getting a minivan. But with four kids, resistance was now futile. So, after ...

Explore the sunk cost dilemma, a key financial concept impacting decisions on investing in failing projects. Learn how to manage it with real-world examples and insights.

One of the special features of logic-based therapy (LBT), in contrast to other forms of cognitive-behavioral therapy (CBT), is LBT’s matching of “guiding virtues” to “cardinal fallacies.” According to ...

Taco John’s, a regional fast-food chain of roughly 400 restaurants, has owned the “Taco Tuesday” trademark since 1989 in every state across the U.S. (except for New Jersey). But in May, its much ...

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 ...

Clear and rational thinking is essential for effective decision-making and communication in the work place. However, logical fallacies—errors in reasoning that undermine the logic of an argument—are ...

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...