No, your time is not a “sunk cost.” ...

What do governments, businesses and individuals have in common? They’ve all invested time and money in forecasting how long a project will take to complete. Despite the forecasting, every one of them ...

Forbes contributors publish independent expert analyses and insights. Mark Travers writes about the world of psychology. Do you think good moments and bad moments in life have to even out eventually?

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 ...

Narrative fallacy is a term introduced by Nassim Taleb [1]. It refers to our difficulty looking at a sequence of facts without connecting them in some way, either to each other or to something else we ...

Forbes contributors publish independent expert analyses and insights. I write about relationships, personality, and everyday psychology. Narcissists rely on these five ‘logical fallacies’ like a ...

McNamara’s Fallacy is the error of making decisions based solely on easily quantifiable data, while ignoring ...

The Gambler’s Fallacy feels perfectly logical in the heat of it. Think about how many times you have watched a streak, and a little voice started saying a change is due. That idea can snowball into ...