Fallacy of composition,
Definition of Fallacy of composition:
The false assumption that something which is true for one segment of the economy is true for the economy as a whole. For instance, if one state has an inflated unemployment rate then the whole United States has the same problem.
The error of assuming that what is true of a member of a group is true for the group as a whole.
How to use Fallacy of composition in a sentence?
- You should make sure that you never find yourself thinking with a fallacy of composition when you are coming up with an idea.
- The fallacy of composition was what the man was using and he thought that just because this segment was behaving that way, then the whole thing was behaving the same.
- While distributional changes between regions can occur at a given level of economic activity, it is a fallacy of composition to assume that all regions can lift themselves without a buoyant aggregate climate.
- The fallacy of composition was mentioned during the meeting because we did not have a large enough sample to draw meaningful data yet.
Meaning of Fallacy of composition & Fallacy of composition Definition