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base rate fallacy
noun
- statistics the tendency, when making judgments of the probability with which an event will occur, to ignore the base rate and to concentrate on other information
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Example Sentences
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But this perception is an example of a phenomenon known as the base rate fallacy.
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If the denominator you chose in a calculation鈥攖he thing you鈥檙e dividing by鈥攊s the wrong one, you have fallen victim to what is called 鈥渢he base rate fallacy.鈥
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