What is the definition of Majority fallacy? | Dictionary.net

MAJORITY FALLACY

\məd͡ʒˈɒɹɪtˌi fˈaləsi], \məd‍ʒˈɒɹɪtˌi fˈaləsi], \m_ə_dʒ_ˈɒ_ɹ_ɪ_t_ˌi f_ˈa_l_ə_s_i]\

Definitions of MAJORITY FALLACY

1910 - Black's Law Dictionary (2nd edition)

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That the largest market segment is the most lucrative is a mistaken belief leading to this type of strategic error. Due to intense rivalry among a large number of competitors it may be the least profitable one in reality.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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