The Tendency to Prefer Information That Supports What You Thought

question 17

Multiple Choice

The tendency to prefer information that supports what you thought or believed in the first place is called:

• A) confirmation bias.
• B) the availability heuristic.
• C) framing.
• D) the representativeness heuristic.

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Definitions:

Regular Incomes

Consistent earnings generated typically on a daily, weekly, or monthly basis, often from employment or investments.

Adjustment of Debts

A legal process or agreement designed to modify the terms or conditions of debt, often to extend the repayment period or reduce the amount of the installments.

Liquidation Proceedings

The process in a business context where a company's assets are distributed to claimants as part of the dissolution of the company.

Chapter 7

A bankruptcy process outlined in the U.S. Bankruptcy Code allowing individuals or businesses to discharge their debts by liquidating their assets.