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Logic error due to ignoring the base rate
The base rate fallacy, also called base rate neglect or base rate bias, is a type of fallacy in which people tend to ignore the base rate (e.g., general
Base_rate_fallacy
Rate of energy expenditure by an endotherm at rest
Basal metabolic rate (BMR) is the rate of energy expenditure per unit time by endothermic animals at rest. It is reported in energy units per unit time
Basal_metabolic_rate
Concept in statistics
In probability and statistics, the base rate (also known as prior probabilities) is the class of probabilities unconditional on "featural evidence" (likelihoods)
Base_rate
basal insulin rate is a low rate of continuous insulin supply needed for such purposes as controlling cellular glucose and amino acid uptake. A basal
Basal_insulin_rate
Interest rate at which banks lend to customers with good credit
The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy
Prime_rate
Cuts Key Rate to 14% and Keeps Door Open to Ease Again or Hold". Bloomberg News. 5 August 2026. Retrieved 5 August 2026. "Base Interest Rate". Bulgarian
List of countries by central bank interest rates
List_of_countries_by_central_bank_interest_rates
Government body that manages currency and monetary policy
less base currency entering or leaving market circulation. If the central bank wishes to decrease interest rates, it reduces its administered rates (Bank
Central_bank
Percentage of a sum of money charged for its use
synonymously with overnight rate, bank rate, base rate, discount rate, coupon rate, repo rate, prime rate, yield to maturity, and internal rate of return. The nominal
Interest_rate
Tool for assisting judgement in uncertainty
the base rate P(H) is ignored in this equation, leading to the base rate fallacy. A base rate is a phenomenon's basic rate of incidence. The base rate fallacy
Representativeness_heuristic
Measure of individuals moving out of a group
churn, reflecting continuous customer movement in and out of a service base. Churn rate is calculated by dividing the total number of individuals, customers
Churn_rate
Interest rate that most American banks charge their most creditworthy clients
Journal (WSJ) as "the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks". It is not the "best" rate offered by banks. It
U.S._prime_rate
Bank of England rate for 1-day loans
Committee and enacted by the Governor. On 2 August 2018 the Bank of England base rate was increased to 0.75%, but then cut to 0.25% on 11 March 2020, and shortly
Official_bank_rate
Central bank's rate of interest
Bank rate, also known as discount rate in American English, and (familiarly) the base rate in European English, is the rate of interest which a central
Bank_rate
Sum paid for the use of money
repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some
Interest
Aspect of tax law
tax rate: statutory, average, marginal, flat, and effective. These rates can also be presented using different definitions applied to a tax base: inclusive
Tax_rate
Repaying a mortgage by taking out a new one
the majority of remortgage rates track the Bank of England base rate. The current base rate stands at 5.25%. The base rate was set at an historical low
Remortgage
Number of disease cases in a given population at a specific time
problem arises when ascertaining rates for disorders and conditions with a relatively low population prevalence or base rate. Even assuming that lay interview
Prevalence
the tax rate reduced to 27.5%. By 2017–18, these benefits extended to base rate entities with turnovers below $50 million, bringing the rate down to 25%
Taxation_in_Australia
Mortgage loan with an interest rate that changes based on credit markets
variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on
Adjustable-rate_mortgage
The list of countries by homicide rate is derived from United Nations Office on Drugs and Crime (UNODC) data, and is expressed in number of deaths per
List of countries by intentional homicide rate
List_of_countries_by_intentional_homicide_rate
Metaphysical theory
that abstract base-rate information plays little role in quantitative judgments about event populations. Instead, these judgments are based on the sample
Exemplification_theory
Mechanism for central bank lending to eligible depository institutions
The interest rate charged on such loans by a central bank is called the bank rate, discount rate, policy rate, base rate, or repo rate, and is separate
Discount_window
Form of taxation in Australia
be known as "base rate entities". The small business definition will remain at $10 million from 2017 to 2018 onwards, however the base rate entity threshold
Income_tax_in_Australia
The following table of United States cities by crime rate is based on Federal Bureau of Investigation Uniform Crime Reports (UCR) statistics from 2024
List of United States cities by crime rate
List_of_United_States_cities_by_crime_rate
Non-fixed interest rate over the term of a debt
not have a fixed rate of interest over the life of the instrument. Floating interest rates typically change based on a reference rate (a benchmark of any
Floating_interest_rate
Medical device to administer insulin
needed to control blood sugar with slow-acting insulin. Programmable basal rates allow for scheduled insulin deliveries of varying amounts at different
Insulin_pump
by estimated suicide rates as published by the World Health Organization (WHO) and other sources. In many countries, suicide rates are underreported due
List of countries by suicide rate
List_of_countries_by_suicide_rate
Types of error in data reporting
signal processing based on ratios of errors of various types. The Boy Who Cried Wolf Base rate fallacy Blackstone's ratio False positive rate Positive and
False positives and false negatives
False_positives_and_false_negatives
requested an increase in the base rate to $1.00. On 1 February 2020, the base rate for domestic letters became $1.10. The base rate for domestic letters has
List of postage rates in Australia
List_of_postage_rates_in_Australia
plus a government-permitted rate of return on capital. Rate-of-return regulation is similar, but not identical to, cost-based or profit margin regulations
Rate-of-return_regulation
Aspect of Malaysia's central bank finance
that affect the base lending rate (BLR), short-term interest rates, fixed deposit rate, foreign exchange rates, long-term interest rates, the amount of
Overnight_policy_rate
Total fertility rate (TFR) is the expected number of children born per woman. Developing countries in Africa and the Middle East typically have the highest
List of countries by total fertility rate
List_of_countries_by_total_fertility_rate
Central Bank of India
repo rate, banks are not legally required to reduce their own base rate. As the name suggest, reverse repo rate is just the opposite of repo rate. Reverse
Reserve_Bank_of_India
Notional amount used in Belarus
Base amount or base value (also basic amount, or basic value, or base rate) (Belarusian: базавая велічыня, Russian: базовая величина; commonly abbreviated
Base_amount
Psychological assessment tool
Base Rate scores, their values are anchored to base rates of psychiatric conditions in their developmental sample, and may not reflect the base rates
Millon Clinical Multiaxial Inventory
Millon_Clinical_Multiaxial_Inventory
Rate at which mutations occur during some unit of time
mutation rate. There are several natural units of time for each of these rates, with rates being characterized either as mutations per base pair per cell
Mutation_rate
Central bank of South Korea
lowered banks' lending rates. The National Investment Fund Act served to finance its growing industrial base. The annual growth rate dropped from 9 percent
Bank_of_Korea
Amount owed by individual consumers
structure and security of the credit product. Rates generally range from 0.25 percent above base rate, to well into double figures. Consumer debt is
Consumer_debt
Speed of the heartbeat, measured in beats per minute
Heart rate is the frequency of the heartbeat measured by the number of contractions of the heart per minute (beats per minute or bpm). The heart rate varies
Heart_rate
Rate at which one currency will be exchanged for another
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies
Exchange_rate
their sexual encounters. In studies of base rate neglect, the problems given to participants often use base rates of disease prevalence. In these experiments
Intuitive_statistics
Number of frames rendered in one second
Frame rate, commonly expressed in frames per second (frame/s or FPS), is the frequency (rate) at which consecutive images (frames) are captured or displayed
Frame_rate
Pattern-recognition performance metrics
condition's base prevalence ( P {\textstyle P} ). This formulation relies on sensitivity (the true positive rate) and specificity (the true negative rate): Accuracy
Precision_and_recall
Measure of association used in epidemiology
measures, such as absolute risk, or risk difference. In cases where the base rate of the outcome is low, large or small values of relative risk may not
Relative_risk
Average lifetime number of children per woman
The total fertility rate (TFR) of a population is the average number of children that are born to a woman over her lifetime, if they were to experience
Total_fertility_rate
base rate (which everyone gets), Special supplement and Dependents supplement. Altogether this makes up the state pension scheme. Public pension base
Pensions_in_Norway
Medical condition
Abnormal basal metabolic rate refers to a high or low basal metabolic rate (BMR). It has numerous causes, both physiological (part of the body's normal
Abnormal_basal_metabolic_rate
Highest point of an interest rate
An interest rate ceiling (also known as an interest rate cap) is a regulatory measure that prevents banks or other financial institutions from charging
Interest_rate_ceiling
Loan secured using real estate
fixed interest rate, a variable interest rate, or both. These interest rates are tied to a base rate (individual bank's benchmark rate). For Islamic home
Mortgage
Israeli psychologist (born 1943)
doctoral dissertation, The Base-Rate Fallacy in Subjective Judgments of Probability, introduced the concept of the base rate fallacy in probabilistic reasoning
Maya_Bar-Hillel
Organic chemical reaction
and first order in base: rate = k[RCHO]2[OH−] At very high base a second path (k') becomes important that is second order in base: rate = k[RCHO]2[OH−] +
Cannizzaro_reaction
American baseball player and manager (born 1972)
second-best in the majors among base stealers with 175 steals just behind stolen base king Rickey Henderson in the career stolen base rate rankings. In fact, Roberts'
Dave Roberts (baseball manager)
Dave_Roberts_(baseball_manager)
Speed at which a chemical reaction takes place
The reaction rate or rate of reaction is the speed at which a chemical reaction takes place, defined as proportional to the increase in the concentration
Reaction_rate
rate (e.g. a 2% discount) for a set period; typically 1 to 5 years. Sometimes the discount is expressed as a margin over the base rate (e.g. BoE base
Mortgage industry of the United Kingdom
Mortgage_industry_of_the_United_Kingdom
Type of credit that does not have a fixed number of payments
of a fixed margin and a floating base rate; for instance, with a 2.0% margin and a 3.5% base rate, the effective rate becomes 5.5%, resulting in annual
Revolving_credit
Frequency at which a display hardware displays a new image
refresh rate, also known as vertical refresh rate, vertical scan rate or vertical frequency, is the number of times per second that a raster-based display
Refresh_rate
characterized by their case fatality rate (CFR), the proportion of people diagnosed with a disease who die from it (cf. mortality rate). It should not be confused
List of human disease case fatality rates
List_of_human_disease_case_fatality_rates
Total number of live births per 1,000 divided by time period
Birth rate, also known as natality and crude birth rate, is the total number of live human births per 1,000 population for a given period divided by the
Birth_rate
Rate of modulation of a digital signal
In a digitally modulated signal or a line code, symbol rate, modulation rate or baud rate is the number of symbol changes, waveform changes, or signaling
Symbol_rate
Central Bank of Hungary
Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates. The MNB is
Hungarian_National_Bank
Historic category for Royal Navy ships
categorise sailing warships, a fifth-rate was the second-smallest class of warships in a hierarchical system of six "ratings" based on size and firepower. The rating
Fifth-rate
employees generally receive pay at a penalty rate—usually 2.5 times (known as "double time and a half") the base rate of pay—when they work on a public holiday
Public_holidays_in_Australia
Deaths per 1,000 individuals per year
Mortality rate, or death rate, is a measure of the number of deaths (in general, or due to a specific cause) in a particular population, scaled to the
Mortality_rate
Bias towards recently acquired information
because participants were basing their estimation on an initial impression. Participants failed to account for the high rate of growth in the later steps
Availability_heuristic
passenger cars, the tax rate varies between gasoline and diesel engines, with diesel-powered vehicles generally taxed at a higher base rate per displacement
Taxation_in_Germany
Incidents involving multiple victims of firearm violence
including biased samples of incidents, and mass shootings having low base rates. The Federal Bureau of Investigation designated 61 of all events in 2021
Mass shootings in the United States
Mass_shootings_in_the_United_States
interest rate is based on the lender's assumptions about the average discount rate over the fixed rate period. For example, when the discount rate is historically
Fixed_interest_rate_loan
their real gross domestic product and gross national income growth rate; the rate of growth of the total value of all final goods and services produced
List of countries by real GDP growth rate
List_of_countries_by_real_GDP_growth_rate
Type of probabilistic logic
bottom right Belief vertex. The base rate, also called the prior probability, is shown as a red pointer along the base line, and the projected probability
Subjective_logic
Term in marketing on online shopping
that abandonment rates differ extensively each site. It's tough to set market norms for them. Each site, with its own consumer base and target audience
Abandonment_rate
Rate of change in the linear deformation of a material with respect to time
In mechanics and materials science, strain rate is the time derivative of strain of a material. Strain rate has dimension of inverse time and SI units
Strain_rate
Cognitive bias
human belief revision in which people over-weigh the prior distribution (base rate) and under-weigh new sample evidence when compared to Bayesian belief-revision
Conservatism (belief revision)
Conservatism_(belief_revision)
Logical fallacy
authority of the tasker, the obedience level dropped to 20% from the original rate, which had been higher than 50%. Obedience is encouraged by reminding the
Argument_from_authority
Information transmission rate expressed in bits per second
computing, bit rate (bitrate or as a variable R) is the number of bits that are conveyed or processed per unit of time. The bit rate is expressed as
Bit_rate
Measure of fairness in machine learning models
enrollment rates of African Americans compared to whites with similar test scores might be necessary to fulfill the condition of equalized odds, if the "base rate"
Equalized_odds
Facilities for storing natural gas
and deliverability rates throughout the withdrawal season. Working gas capacity: It is the total gas storage capacity minus the base gas. Working gas:
Natural_gas_storage
Misuse of data analysis
place. Aliasing – Signal processing effect Base rate fallacy – Logic error due to ignoring the base rate Bible code – Purported set of secret messages
Data_dredging
Committee of the Bank of England that decides the United Kingdom's official interest rate
times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate). It is also responsible for directing other aspects
Monetary Policy Committee (United Kingdom)
Monetary_Policy_Committee_(United_Kingdom)
Interest rates to maintain banks' balance
The federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions
Federal_funds_rate
Measure of consensus in ratings given by multiple observers
when both agreement is good and the rate of the target condition is near 50% (because it includes the base rate in the calculation of joint probabilities)
Inter-rater_reliability
Health care payment model in the United States
Medicare established a single, national per visit base rate. The rate is a national per-visit PPS base rate (e.g., $202.65 in 2025), updated annually and
Prospective_payment_system
the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change
List of countries by GDP (nominal)
List_of_countries_by_GDP_(nominal)
the nation. Rates were based on the distance between sender and receiver in the nation's early years. In the middle of the 19th century, rates stabilized
History of United States postage rates
History_of_United_States_postage_rates
Baseball park in Chicago, Illinois
Rate Field (formerly Comiskey Park II, U.S. Cellular Field, and Guaranteed Rate Field) is a baseball stadium on the South Side of Chicago, Illinois. It
Rate_Field
Rule from monetary policy
policy interest rate (e.g. the federal funds rate in the US, the Bank of England base rate in the UK), π t {\displaystyle \pi _{t}} is the rate of inflation
Taylor_rule
Archaological dating based on mutation rate
two main methods of estimation, phylogeny-based methods and pedigree-based methods, have produced mutation rates that differ by almost an order of magnitude
Human mitochondrial molecular clock
Human_mitochondrial_molecular_clock
Measurement of customers or participants who are maintained or returned
(2020-10-11). "The Retention Rate Illusion - Understanding the Relationship between Retention Rates and the Strength of Subscription-Based Businesses". Rochester
Retention_rate
Measure of money supply
component of the monetary base. Typically, a central bank can also influence banking activities by manipulating interest rates and setting reserve requirements
Monetary_base
Precisely defined interest rate
interest payable annually in arrears, based on the nominal interest rate. It is used to compare the interest rates between loans with different compounding
Effective_interest_rate
Heart rate exceeding normal resting rate
also called tachyarrhythmia, is a heart rate that exceeds the normal resting rate. In general, a resting heart rate over 100 beats per minute is accepted
Tachycardia
Percentage of views on a certain web page that made a desired click
Click-through rate (CTR) is the ratio of clicks on a specific link to the number of times a page, email, or advertisement is shown. It is commonly used
Click-through_rate
Australian postal service
the base rate to A$0.70. On 4 January 2016, due to continuing heavy decline in mail usage, Australia Post requested an increase in the base rate to A$1
Australia_Post
Representation of the relationship between taxation and government revenue
sometimes appear to put the rate at around 50%, if the tax base reacts to the tax rate linearly, but the revenue-maximizing rate could theoretically be any
Laffer_curve
Cost of transporting goods
A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price
Freight_rate
Vertical rate of change of temperature in atmosphere
The lapse rate is the rate at which an atmospheric variable, normally temperature in Earth's atmosphere, falls with altitude. Lapse rate arises from the
Lapse_rate
Observed mathematical effect
rate Path dependence Volatility tax Low base effect Relative change Percentage#Percentage increase and decrease Time series analysis "Glossary:Base year"
Base_effect
responded by gradually increasing the base rate, which would peak at 5.25% in August 2023. Global inflation rates were the highest in 40 years owing to
Economy_of_the_United_Kingdom
Psychological phenomenon
machine agents. Society portal Psychology portal Attribution (psychology) Base rate fallacy Cognitive miser Dispositional attribution Explanatory style Hanlon's
Fundamental_attribution_error
Rate at which a company is losing money
burn rate up, taking it as a proxy for how fast the start-up company was acquiring a customer base. In project management, burn rate is the rate at which
Burn_rate
Postal rates in Palestine
Ottoman postal rates in Palestine surveys the postal rates in effect between 1840 and 1918 during the Ottoman rule in Palestine. Rates not applicable
List of Ottoman postal rates in Palestine
List_of_Ottoman_postal_rates_in_Palestine
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