Not Enough Meaning
We tend to find stories and patterns even when looking at sparse data
Illusory correlation
Description
The phenomenon of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.
Illusory correlation in business decision
A manager notices that two employees from the same university performed exceptionally well and begins to believe that hiring from that university guarantees high performers.
Illusory correlation in personal life decision
You believe full moons cause strange behaviour because of a few instances, ignoring plenty of times nothing unusual happened.