Given the Choice, Most People Would Rather Receive Information About

question 309

Multiple Choice

Given the choice, most people would rather receive information about themselves that validates their ideas about who they are, and they would rather avoid information that contradicts their self-beliefs. This tendency demonstrates an example of

• A)a mental set
• B)divergent thinking
• C)the belief bias
• D)the confirmation bias

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Definitions:

Promissory Note

A financial instrument in which one party (the maker) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand.

Missing Interest Rate

The not specified or unidentified rate of interest in a financial context.

Real Compound Rate of Return

The annual rate of return on an investment, adjusted for inflation, that compounds over time.

CPI Increased

indicates that the Consumer Price Index, which measures changes in the price level of consumer goods and services, has risen.