The Tendency to Focus More on Evidence That Confirms Rather

question 165

Multiple Choice

The tendency to focus more on evidence that confirms rather than refutes one's expectations is called ____.

• A) the self-serving bias
• B) salience
• C) the confirmation bias
• D) the discontinuity effect

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Definitions:

Utility of Wealth

The satisfaction or benefit derived by an individual from accumulating wealth.

Hurricane

A powerful tropical cyclone with heavy rain and winds exceeding 74 miles per hour, typically in the Atlantic Ocean region.

Expected Utility

The anticipated satisfaction or benefit derived from a risky decision or choice, calculated by considering all possible outcomes.

Marginal Utility

Marginal utility is the additional satisfaction or utility gained from consuming one more unit of a good or service.