Tuesday, February 9, 2010

6 Logical Fallacies that Cost You Money Every Day

Cracked is giving the Onion a run for its money in the skepticism-inspires-humor department. Most of it can be applied quite practically to your financial life, although my personal favorite was a concrete and tragic example of the irrational escalation of commitment fallacy: "Why do these men have to die? Because these other men died, of course! And only the deaths of these additional men will cause those first men to come back to life!"

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