MATERIAL FALLACIES MATERIAL FALLACIES • Fallacies of Relevance – irrelevant premises (diversion) • • • • • The appeal to populace (ad populum) The appeal to pity (ad misericordiam) The appeal to force (ad baculum) The argument against person (ad hominem) Irrelevant Conclusion • Fallacies of Defective Induction – weak premises • • • • The argument from ignorance (ad ignorantiam) The appeal to inappropriate authority (ad vericundiam) False Cause Hasty Generalization MATERIAL FALLACIES • Fallacies
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Investment bank Vs. Commercial banks Many factors directly and indirectly caused the ongoing 2007–2012 global financial crisis which started with the US subprime mortgage crisis. One of the main culprits that is often pointed to as one of the main triggers of the global financial crisis are the mortgage derivative products‚ where risky mortgages were packaged with more traditionally secure mortgages and sold to corporate investors and other banks as secure investment products. This packaging of
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CHAPTER 5 The Nature and forms of Commercial Organizations Commercial organizations may be classified into three (3) general classifications: 1. Private individual ownership 2. Public or government ownership 3. Mixed or both government and private ownership 1. Private Individuals Ownership Any form of business ownership may be organized and would have certain advantages and disadvantages which the business organizer must have to evaluate. According to Martinez‚ Abasolo‚ and Carlos
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Gambler’s fallacy 1 Gambler’s fallacy The Gambler’s fallacy‚ also known as the Monte Carlo fallacy (because its most famous example happened in a Monte Carlo Casino in 1913)[1] . Also referred to as the fallacy of the maturity of chances‚ which is the belief that if deviations from expected behaviour are observed in repeated independent trials of some random process‚ future deviations in the opposite direction are then more likely. For example‚ if a fair coin is tossed repeatedly and tails
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Logical Fallacies Logical fallacies are errors in reasoning‚ defects that weaken arguments. At first they might seem correct. but if they are examined closely‚ it is obvious that they are incorrect. Critical thinkers recognize these fallacies in newspapers‚ advertisements‚ and other places so they can make good decisions in all areas of their lives. Here are some of the most common fallacies: Circular Reasoning: Supporting a premise with a premise‚ rather than a conclusion. In other words‚
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In what ways did the Commercial Revolution of the 16th centuary change the social structure of the west? During the Commercial Revolution of the 16th century the West’s social structure was altered by an increase in trade and price inflation‚ which subsequently led to the creation of a new working class. The increase in trade during the commercial Revolution created a symbiotic relationship with the increasing involvement of merchants and markets that made new goods available to the European people
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A fallacy is an error in reasoning‚ which differs from factual error in that errors are simply wrong about the facts. A fallacy can occur in any kind of discussion‚ argument‚ or reading. For the purposes of this paper‚ the fallacies discussed will pertain to arguments. A fallacious argument is an argument in which the premises given for the conclusion do not provide the needed degree of support (Atheism Web). Fallacies of distraction attempt to distract from the falsity of an argument by the
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Contract = an agreement between two or more persons which will be enforced by a court of law *Action for breach of contract is part of common (judge-made) law *Essence of contract law is to protect the bargain bw 2 parties *Must not engage in conduct that is misleading‚ unconscionable and unfair. 1. Formal contracts Contracts of record (court records) Contracts under seal (ie deeds‚ gratuitous comments) 2. Simple contracts In writing Evidenced in writing No requirements SIMPLE ROADMAP Intention
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Machines causing job loss has been around for centuries as a disputed topic. Most of those who are uninformed tend to have a pessimistic view its effect on the job market and economy. In reality‚ machines should be filling jobs because of how the luddite fallacy is a common‚ flawed belief‚ the job-market’s ability to adapt‚ and its stimulating effect on the economy. Some work to live‚ while others live to work. Throughout the course of history‚ it is seen that humans have developed tools to aid them
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about the fallacies of logic so that Polly would be the perfect fit for the main character’s standards for a wife. It took him a night to make a perfect girl. And after that intellectual date‚ he decided to make their next dates romantic. After five nights‚ he finally had the courage to tell Polly his feelings that he loved him but he was shocked to the way Polly replied to his words‚ that is‚ in a way that she make use of the fallacies. He told her that he doesn’t have to apply the fallacies all the
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