The Narrative Fallacy - Deepstash

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The Narrative Fallacy

The Narrative Fallacy

People normally create a narrative based on their past and are sure that their predictions will match the way things will work out in the future. This is not usually the case, and it leads to wrong decisions.

Made Up Data

Made Up Data

  • Data can be easily made up to serve ulterior motives, which are far from the truth.
  • Biased data finds its way out and is generally passed around as facts.
  • Some critical thinking and skepticism are required before any data is accepted for making decisions.

Being Fooled By Data

Being Fooled By Data

Data can be used to prove anything.
People can be easily convinced by using data that, when analyzed closely, turns out to be dubious, without foundation or any real research.

Bias All-Around

Bias All-Around

  • Many experiments show that people can be biased and even irrational in making decisions. 
  • While we believe that logic, facts, data go in any decision, in reality, they can be emotional and biased in invisible ways.

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