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For example, when getting to know others, people tend to ask leading questions which seem biased towards confirming their assumptions about the person. However, this kind of confirmation bias has also been argued to be an example of social skill; a way to establish a connection with the other person. [9]
The illusory truth effect has also been linked to hindsight bias, in which the recollection of confidence is skewed after the truth has been received. In a 2015 study, researchers discovered that familiarity can overpower rationality and that repetitively hearing that a certain statement is wrong can paradoxically cause it to feel right. [ 4 ]
Illustration by Gustave Doré of Baron Munchausen's tale of being swallowed by a whale. Tall tales, such as those of the Baron, often feature unreliable narrators.. In literature, film, and other such arts, an unreliable narrator is a narrator who cannot be trusted, one whose credibility is compromised. [1]
For a compound proposition to be true, the truth values of its constituent parts must satisfy the relevant logical connectives that occur in it (most commonly: [and], [or], [not], [only if], [if and only if]). The following fallacies involve relations whose truth values are not guaranteed and therefore not guaranteed to yield true conclusions.
Publication bias is a type of bias with regard to what academic research is likely to be published because of a tendency among researchers and journal editors to prefer some outcomes rather than others (e.g., results showing a significant finding), which leads to a problematic bias in the published literature. [139]
For example, confirmation bias produces systematic errors in scientific research based on inductive reasoning (the gradual accumulation of supportive evidence). Similarly, a police detective may identify a suspect early in an investigation but then may only seek confirming rather than disconfirming evidence.
Pathetic fallacy (also known as anthropomorphic fallacy or anthropomorphization) is a specific type [dubious – discuss] of reification. Just as reification is the attribution of concrete characteristics to an abstract idea, a pathetic fallacy is committed when those characteristics are specifically human characteristics, especially thoughts or feelings. [13]
In truth, actual investors face cognitive limitations from biases, heuristics, and framing effects. A fair jury trial, for example, requires that the jury ignore irrelevant features of the case, weigh the relevant features appropriately, consider different possibilities open-mindedly and resist fallacies such as appeal to emotion.