Conjunction Fallacy

You are viewing revision 1.7.0, last edited by Vladimir_Nesov

The conjunction fallacy consists in assuming that specific conditions are more probable than more general ones.

For the reasons related to representativeness heuristic, a fleshed-out story that contains typical amount of detail sounds more plausible than a stripped-down description of a situation that only states a few facts. There is a tendency for people to take that plausibility at face value, and assign probability accordingly. This intuition is wrong, because the conjunction rule of probability theory states that, for any event X, its conjunction with additional details Y will be less probable:

$$P(A \and B) \leq P(B)$$

(Read More)

Posts tagged Conjunction Fallacy
Most Relevant