The Confirmation Bias Is the Tendency to Search for Information

question 256

True/False

The confirmation bias is the tendency to search for information or evidence that confirms a belief, while making little or no effort to search for information that might disprove the belief.

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Definitions:

Average Rate of Return

An investment's return, expressed as a percentage, which is calculated by dividing the average annual profit by the initial investment cost.

Cash Payback Method

An analysis technique to determine the time needed to recoup the initial investment in a project, based on cash flows.

Advantage

A favorable or beneficial condition, circumstance, or position that contributes to success.

Proposal

A formal offer or plan put forward for consideration or discussion by others.