base ratealso: base rates, base-rate neglectHow often something happens in general, across all similar cases, before you know anything special about your own. Judgments that ignore it, a mistake called base-rate neglect, tend to be too confident about the case in front of them.
How we weigh evidence
See also: heuristic, planning fallacy
blindingalso: blinded, double-blind, double-blindedKeeping participants, and sometimes researchers, from knowing who received which treatment in a trial, so that expectations cannot sway the results. Double-blind means neither side knows; some treatments, such as exercise, cannot be blinded at all.
How we weigh evidence
See also: placebo, risk of bias
bondalso: bondsA loan to a government or company that pays the lender interest, usually at a fixed rate, and repays the amount lent on a set date. Bond prices move when interest rates change, and the borrower can fail to pay, so a bond can lose value.
Personal Financegeneral information only
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See also: diversification, inflation