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Economy

Post hoc fallacy wrongly blames sequential events

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Just because the rooster crows before sunrise doesn't mean the rooster caused the sun to rise. The post hoc fallacy is the persistent flaw of assuming that because event B happened after event A, event A must be the direct cause. It is the reason people constantly misattribute major economic shifts to whatever minor event occurred the day prior.

Post hoc fallacy wrongly blames sequential events
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