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A logical fallacy of the questionable cause variety, it is subtly different from the fallacy cum hoc ergo propter hoc ('with this, therefore because of this'), in which two events occur simultaneously or the chronological ordering is insignificant or unknown. Post hoc is a logical fallacy in which one event seems to be the cause of a later ...
Reverse causation or reverse causality or wrong direction is an informal fallacy of questionable cause where cause and effect are reversed. The cause is said to be the effect and vice versa. Example 1 The faster that windmills are observed to rotate, the more wind is observed. Therefore, wind is caused by the rotation of windmills.
The fallacy of the single cause, also known as complex cause, causal oversimplification, [1] causal reductionism, root cause fallacy, and reduction fallacy, [2] is an informal fallacy of questionable cause that occurs when it is assumed that there is a single, simple cause of an outcome when in reality it may have been caused by a number of only jointly sufficient causes.
The economistic fallacy is a concept originated by Karl Polanyi in the 1950s, that refers to fallacious conflation of human economy in general, with its market form. [1] Whereas the former is a necessary component of any society, being the organization through which that society meets its physical wants, i.e. reproduces itself, the latter is a ...
Causation in economics has a long history with Adam Smith explicitly acknowledging its importance via his (1776) An Inquiry into the Nature and Causes of the Wealth of Nations and David Hume (1739, 1742, 1777) and John Stuart Mill (1848) both offering important contributions with more philosophical discussions.
Naturalistic fallacy fallacy is a type of argument from fallacy. Straw man fallacy – refuting an argument different from the one actually under discussion, while not recognizing or acknowledging the distinction. [110] Texas sharpshooter fallacy – improperly asserting a cause to explain a cluster of data. [111]
The questionable cause—also known as causal fallacy, false cause, or non causa pro causa ("non-cause for cause" in Latin)—is a category of informal fallacies in which the cause or causes is/are incorrectly identified. In other words, it is a fallacy of reaching a conclusion that one thing caused another, simply because they are regularly ...
Since the question of "true causality" is deeply philosophical, and because of the post hoc ergo propter hoc fallacy of assuming that one thing preceding another can be used as a proof of causation, econometricians assert that the Granger test finds only "predictive causality". [2]