The $802 million fallacy

Measuring User Influence in Twitter: The Million Follower Fallacy

Directed links in social media could represent anything from intimate friendships to common interests, or even a passion for breaking news or celebrity gossip. Such directed links determine the flow of information and hence indicate a user’s influence on others—a concept that is crucial in sociology and viral marketing. In this paper, using a large amount of data collected from Twitter, we pres...

The “banzhaf Fallacy” Fallacy

14 Interaction and Interconnection Between 802 . 16 e & 802

The Risk-return Fallacy

We assume that in the world of business, higher risks are only taken when rewarded with higher expected returns. This supposition has been confirmed empirically using capital market data. However, accounting measures have yielded puzzling results: using the mean and variance of ROE as measures of return and risk, respectively, Bowman (1980) and other researchers find a negative relationship bet...

The Abstract Meaning Fallacy

rights provisions are valuable even if their contours are not fully determined in advance. They shape the way that political actors understand and articulate the values inherent in the political system; they shape the beliefs of political actors about what they can and cannot do, what they are fighting for and what they are fighting against. But rights are less valuable, indeed not really valua...