fallacy

Why I Cut Derrick Rose: Lessons In Decision Making

Although the following is a discussion of fantasy basketball strategy, it offers valuable insight into the human decision making process. It’s an extremely interesting and useful read for anyone who interacts with people on a regular basis. I Cut Derrick Rose from my NBA Fantasy team last Monday. The decision sparked a firestorm of criticism …

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In Defense of Wal-Mart

http://consumerist.com/2007/03/walmart-gives-up-no-stores-for-new-york-city.html Wal-Mart and other big box stores face staunch opposition in many counties in the United States. Rallies and other public displays of anti-Wal-Mart sentiment are common. It’s unfortunate considering all of the benefits Wal-Mart brings to town. Hop off that high horse. Think for yourself. Wal-Mart provides a valuable service to citizens, despite what pro-union factions, …

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Why You Shouldn’t Fret When The Rich Get Richer: The Fixed-Pie Fallacy

Fixed Pie Fallacy: The belief that there exists a finite amount of wealth in the world. An increase in the wealth of one party necessitates an equal reduction in another’s.  The Fixed Pie Fallacy is one of the most pervasive myths in the world today. We cringe when we hear statements like “the wealthiest 5% of Americans …

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All Publicity is NOT Good Publicity

“All publicity is good publicity.” A long-standing cliche, but it’s simply not true. If you are vying for a spot on a reality show or running a business where any mention in the public eye spreads the word about your business, then any notoriety is beneficial. However, if your business or organization is predicated on …

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