Base Rate Fallacy - The Decision Lab
By A Mystery Man Writer
Last updated 13 Jun 2024
![Base Rate Fallacy - The Decision Lab](https://images.prismic.io/thedecisionlab/af820e03-3033-4043-8a99-e6877f85f01b_base-rate-fallacy.jpeg?auto=compress,format)
Base Rate Fallacy is our tendency to give more weight to the event-specific information than we should, and sometimes even ignore base rates entirely.
![Base Rate Fallacy - The Decision Lab](https://miro.medium.com/v2/resize:fit:1400/1*jZSIBODEUM_xB9unwfcDzg.jpeg)
Base Rate Neglect Hurts, Eventually., by Notes from Manish Gvalani
Shut Out Noise to Make Sound Decisions
![Base Rate Fallacy - The Decision Lab](https://images.prismic.io/thedecisionlab/536aafc5-01b6-43ef-882b-72c93a0c575a_representativeness-heuristics.jpg?auto=compress,format)
Representativeness Heuristic - The Decision Lab
![Base Rate Fallacy - The Decision Lab](https://pbs.twimg.com/media/F9YCDbTWAAEoEbV.jpg)
Ross Otto (@arossotto) / X
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Gambler's fallacy - The Decision Lab
![Base Rate Fallacy - The Decision Lab](https://i0.wp.com/fourweekmba.com/wp-content/uploads/2022/11/groupthink.png?resize=1024%2C772&ssl=1)
What Is Base Rate Fallacy And Why It Matters In Business - FourWeekMBA
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Base rate fallacy - Wikipedia
![Base Rate Fallacy - The Decision Lab](https://archive.org/services/img/daily_perma_cc_2023-10-07/full/pct:200/0/default.jpg)
2023-10-07 Perma.cc Captures : Free Download, Borrow, and
![Base Rate Fallacy - The Decision Lab](https://static.scientificamerican.com/sciam/cache/file/FACA5D31-B04C-4B98-B664AB6EF47BB022_source.jpg?w=600)
Chosen bets which participants were asked to rate during the study
![Base Rate Fallacy - The Decision Lab](https://thinkingispower.com/wp-content/uploads/2023/05/Base-Rate-Fallacy-Consensus-1024x576.jpg)
Guide to the Most Common Cognitive Biases and Heuristics
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The Sunk Cost Fallacy - The Decision Lab
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Chosen bets which participants were asked to rate during the study
![Base Rate Fallacy - The Decision Lab](https://miro.medium.com/v2/resize:fit:1400/1*-7QAtZ0aJSc1lUcFEhPnsQ.png)
Planning fallacy - The Decision Lab, i can copy talents wiki
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