Base rate fallacy is when people make decisions or draw conclusions from information that isn't true. It's like having an incorrect idea of what something is supposed to be. For example, if you hear that a town has a high crime rate, you might think that everyone living there is dangerous. But if you learn that only 1% of people in that town are criminals, then you would realize that your idea was wrong. It's important to always look at all the details before you make any decisions!