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base rate fallacy

noun

  1. 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
鈥淐ollins English Dictionary 鈥 Complete & Unabridged鈥 2012 Digital Edition 漏 William Collins Sons & Co. Ltd. 1979, 1986 漏 HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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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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