MEPX
Chapter 4 of 11All chapters

Chapter 4 of 11

Common fallacies

Named mistakes are easier to spot.

The frequent ones

Affirming the consequent reads a rule backwards. Denying the antecedent assumes that no P means no Q. Both feel natural and both are wrong.

  • Correlation is not causation, and a third cause explains many pairs.
  • Survivorship bias looks only at what made it through.

Base rates

A test that is 99 percent accurate for a condition that one person in ten thousand has still produces mostly false positives. Ignoring how rare something is beforehand is the most expensive error in this list.