Kayla thinks a particular smart phone is the best one on the market. As she researches her phone purchase, she pays special atte
ntion to information that supports buying phone she likes, but ignores information that contradicts her beliefs. Which obstacle to decision making is Kayla experiencing?
Confirmation bias is how one calls the tendency to interpret, favor, recall, and search for information in a way that it only confirms one's preexisting beliefs or hypotheses. Kayla is encountering a case of these propensities when she's evading data that would repudiate her convictions about the smartphone and gives uncommon consideration to the data that would bolster her decision. Also, it is important to add that the Selective Exposure theory expresses that individuals may have a propensity to favor data that strengthen their convictions while giving little consideration to data that would negate them.
In the market for money, when the Fed increases the money stock, the money supply curve shifts to the right and the interest rate fall, everything else held constant.
The most immediate consequence of colonisation was a wave of epidemic diseases including smallpox, measles and influenza, which spread ahead of the frontier and annihilated many First Nations communities.
