Not Enough Meaning
We tend to find stories and patterns even when looking at sparse data
Pareidolia
Description
The tendency to interpret a vague stimulus as something known to the observer, such as seeing shapes in clouds, or hearing hidden messages in music.
Pareidolia in business decision
A marketing analyst might see a meaningful pattern in random fluctuations of sales data, leading to an incorrect interpretation of market trends.
Pareidolia in personal life decision
You see the face of a man in the clouds, interpreting random shapes as meaningful.