One Consequence of the Confirmation Bias Is That Many People

question 164

True/False

One consequence of the confirmation bias is that many people believe that they could "beat the (stock)market."

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Definitions:

Development

The process of growth or progress, often referring to physical, psychological, or social evolution over time.

Erikson

Erik Erikson was a developmental psychologist and psychoanalyst known for his theory on psychological development of human beings, which outlines eight stages from infancy to adulthood.

Identity Crises

Periods of doubt and uncertainty about oneself that often involve questioning one's own identity and values, essentially a rephrased definition of identity crisis.

Loyalty Oath

A pledge of allegiance or faithfulness to a particular group, organization, or sovereign, often required to ensure trust and loyalty.