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Not Enough Meaning

We tend to find stories and patterns even when looking at sparse data

Confabulation

Description

A memory error defined as the production of fabricated, distorted, or misinterpreted memories about oneself or the world, without the conscious intention to deceive.

Confabulation in business decision

An executive, when asked about a past decision that led to a poor outcome, might unintentionally construct a narrative that portrays the decision-making process more favorably or logically than it actually was.

Confabulation in personal life decision

You fill gaps in your memory of a childhood trip with details you later heard, thinking you always remembered them.