Question

People tend to Question content area bottom Part 1 A. look at the entire situation when analyzing an individual security. B. be underconfident in their judgment of investments. C. overestimate the effects of random chance. D. ignore information that contradicts their current beliefs.

Answer 1

People tend to Question content area bottom Part (D) ignore information that contradicts their current beliefs.

• I contend that confirmation bias is crucial because it enables people to hold onto their social ideas (such as characteristic attributions) even when the data doesn't yet support them.
• The psychology term "confirmation bias" describes the propensity of people to exclusively look for evidence that validates their own beliefs.
• As a result, you become biased in favor of your initial viewpoint because you will only ever find evidence to support your original viewpoint if you only look for it.

What are the 3 types of bias?

• Information bias, selection bias, and confounding are the three categories of bias that can be distinguished.

• Various examples are used to discuss these three different types of prejudice as well as possible solutions.

Learn more about confirmation bias

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