DEFINITIONS

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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Words nearby base rate fallacy

base path, base pay, base period, base price, base rate, base rate fallacy, base runner, base speed, base station, base tenant, base unit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012