The Tendency to Look for and Recognize Only Information That

question 2

Multiple Choice

The tendency to look for and recognize only information that confirms our existing views is known as…

• A) Availability error
• B) Prejudice
• C) Confirmation bias
• D) Wishful thinking

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Definitions:

Tragedy of the Commons

A situation where individual users, acting independently according to their own self-interest, deplete or spoil shared resources, leading to overall degradation.

Rival In Consumption

A characteristic of a good whereby one person's use diminishes the ability of another person to use the same good.

Variable Toll Road

A toll road system where toll charges vary based on factors like time of day, traffic volume, or type of vehicle to manage congestion and optimize traffic flow.

Late Fee

A late fee is a charge imposed for the late payment of a bill or installment, serving as a penalty to the payer.