Logical Fallacies in Analysis (II)

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When dealing with people, remember that they are not logical beings. They are creatures of emotion." This blog will begin with a quote from Dale Carnegie. We have already talked about this topic. However, there are still many logical fallacies to discuss. In this blog, we will talk about what we did not talk about in the last blog.

We recommend reading the first part before reading this blog. You can go to this link to read the first part.

The IKEA effect
logical fallacy IKEA effect
IKEA is one of the largest companies in the world. It's not exactly a logical fallacy, but this consumer's logical quirk can be successfully exploited by various businesses. One of IKEA's most distinctive concepts from other furniture companies is that IKEA delivers furniture completely unassembled. He sends the details and the customers use these details to make furniture according to their taste and requirements. IKEA has 3 big advantages. First, IKEA doesn't actually make furniture. Creates furniture details. Industry is cheaper and faster. The second is that delivery is easier. It is easy to send in small packages. The third is the IKEA effect, the paragraph heading, the logical oddity we mentioned. When customers themselves participate in the creation of the product, the moral value of the product is higher. Thus, their trust and loyalty to the brand increases.

The logical fallacy of cause and effect

There is such a slogan. "Correlation does not imply causation". This slogan also explains this very popular fallacy. This logical fallacy occurs because actually unrelated events are related. For example, Filankesov Filankes excels in mathematics, which means that he becomes an excellent teacher of mathematics. The problem with this fallacy is that such ideas sound logical on the surface. However, if you go deeper, you can understand that in Kazakhstan WhatsApp Number List order to become a teacher, in addition to scientific knowledge, a person must also have pedagogical skills, responsibility, knowledge of pediatrics, and even a private character if he becomes a teacher of children. This logical fallacy is repeated in all forecasting sectors. In business, they can see a factor that has no benefit as a reason for success and add it every time.

Bad dilemma

"There's always a choice." As cliché as it sounds, it really is. Risk is not uncommon in business. Risk is part of business. However, exposing yourself to artificial risk all the time is a very unproductive idea. Such thoughts, for example. "Either we enter this sector or we go bankrupt." It is an artificial risk dilemma. It is even a false statement. Because if you think deeper, you can come up with less risky ideas. Entering a completely different sector, changing the products we release in that sector, increasing investment in digital marketing, etc. This logical fallacy can literally kill a business.