Confirmation Bias Is Best Defined As

question 39

Multiple Choice

Confirmation bias is best defined as:

• A) The area of finance dealing with the implications of reasoning errors on financial decisions.
• B) The belief that your abilities are better than they really are.
• C) Taking an overly optimistic view of potential outcomes
• D) Searching for (and giving more weight to) information and opinion that confirms what you believe rather than information and opinion to the contrary.
• E) The tendency of individuals to make different (and potentially inconsistent) decisions depending on how a question or problem is framed.

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Definitions:

Resource Dilemma

A situation in which individuals or groups must decide how to distribute shared resources, balancing between self-interest and collective wellbeing, often leading to conflict or cooperation.

Self-Serving Biases

A cognitive bias that involves individuals attributing their successes to internal factors and their failures to external factors, protecting self-esteem.

Equity

Refers to fairness or justice within relationships, organizations, or societies, often focusing on the distribution of resources.

Conflict-Escalation Process

The progression of a dispute or conflict, increasing in intensity and potentially leading to more serious disputes or confrontations.