Examlex
Which of the following statements is correct?
Loss Aversion
The tendency to strongly prefer to avoid losses compared to attempting to acquire gains.
Hindsight Bias
The inclination to see events as having been predictable, after they have already occurred.
Confirmation Bias
The inclination to seek out, understand, prefer, and remember data in a manner that affirms someone's already held beliefs or assumptions.
Selection Bias
A statistical bias in which there is an error in choosing the individuals or groups to participate in a study, leading to results that are not representative of the broader population.
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