In propositional logic, this sentence can be symbolized as pVq.
Propositional logic deals with propositions being true or false. Basic logical connectives are AND, OR, NOT. "OR" is a disjunction connective, symbolized by "V"
The symbols p and q refer to propositions or statements that are connected together to make a compound statement. Connecting two statements with or is a disjunction. In a disjunction, the compound statement is true if and only if statement p OR statement q OR both statements are true. The compound statement is false if and only if statement p AND statement q are both false.
In the example above, the statement "disembodied spirits exist" is statement p, while the statement "psychic hoaxes are rampant" is statement q.