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See also: the "Chinese Robbers" fallacy[1] -- just because you can find a ton of examples of fiat fraud, doesn't imply its worse -- without context it only impl

• woodruffw 5y ago
  Yes, that's called "base rate neglect" or "base rate bias." In a twist of irony, you can see another example of it in the distribution of terms reinvented by internet rationalists :-)
  • cipheredStones 5y ago
    "Base rate" appears multiple times in that article and is a pretty core concept in the rationalist movement. Memorably illustrating a concept is not the same thing as not knowing the technical term.
  • Qub3d 5y ago
    It's certainly under the category of base rate bias but it's a specific subcategory (think of it as the rhombuses and squares relationship). In this case the term is used to focus on the fact that it's not just one example here (or two or three), you can provide thousands of examples of currency fraud and the fallacy is still a fallacy > Most people think of stereotyping as “Here’s one example I heard of where the out-group does something bad,” and then you correct it with “But we can’t generalize about an entire group just from one example!” It’s less obvious that you may be able to provide literally one million examples of your false stereotype and still have it be a false stereotype.