Philosophy
Definition and Economic Principles The sunk cost fallacy represents a Cognitive Bias and economic phenomenon in which individuals or organisations persist with a course of action based on previously invested resources rather than present value or future potential. Sunk costs are defined as expenses that have already been incurred and
Philosophy
The gambler’s fallacy is a Cognitive Bias defined by the erroneous belief that the probability of a random event is influenced by previous occurrences of that type of event. It is characterised by a conviction that, for random processes, a run of a particular outcome will be balanced by
Philosophy
Toxoplasmosis is a widespread parasitic infection caused by the Toxoplasma gondii parasite, for which approximately half of the global feline population serves as a carrier. In human populations, particularly within the United States, infection rates among individuals over the age of twelve are estimated at 22.5 per cent, largely
Philosophy
Groupthink describes a Cognitive Bias wherein highly cohesive groups reach faulty decisions because internal pressures lead to a decline in mental efficiency, reality testing, and moral judgement. This process occurs when group members prioritise unanimity over a realistic appraisal of alternative courses of action. Groups are particularly vulnerable when they
Philosophy
Overconfidence bias is a Cognitive Bias characterised by a systematic miscalibration of subjective probabilities, in which an individual's confidence in their own judgments is reliably greater than the objective accuracy of those judgments. It is widely considered one of the most prevalent and potentially catastrophic problems in human
Philosophy
The tu quoque argument, literally translated from Latin as you also, is a specific subtype of the ad hominem Logical Fallacies. It is widely identified as the appeal to hypocrisy, as it seeks to discredit an opponent's argument by pointing out that the speaker has failed to act
Elite Theory
All societies, regardless of their formal political structure, are governed by a small, organised minority that holds power over a disorganised majority.
History
The Bank for International Settlements is a private institution that serves as the apex of a global financial control system, fundamentally geared towards achieving a World system of financial control and, ultimately, global governance.
History
The BOE devised a unique financial mechanism wherein the bank had benefit of interest on all monies which it prints and the issuance of fiat gold notes.