I would argue with this - the only rational conclusion is that a vast majority of these events are the result of delusion and error; however, it is not rational to write off every possible such event as delusion with no further investigation.
Sure it is. If a million people tell me that they have a unicorn living in their garage, I don't have to examine one million garages in order to conclude that all of them are mistaken. It's enough that I have an understanding of the unicorn mythos and I examine a random sampling of garages.
Now it's true that we can't say with 100% certainty that ALL of those garages are unicorn-free, but we don't need 100% certainty. I'm quite happy with 99.9%. If lunatics want to cling on to that 0.01% possibility ... well, who am I to stop them.
Conversely, you only have to show me a single garage with a unicorn in it in order to change my mind. This is why the burden of proof is always on those making the positive claim, and why the null hypothesis stipulates that all claims are false until proven otherwise.
While I agree that alien abduction is almost entirely false, stemming from a combination of sleep paralysis and cultural reference, other elements of the UFO mythos have a great deal more veracity.
Such as? Blinking lights in the sky? Yes, very convincing.
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