Confirmation Bias Gives People an Excessively Optimistic Evaluation of Their

question 171

True/False

Confirmation bias gives people an excessively optimistic evaluation of their decisions, but only until they receive very clear and undeniable information to the contrary.

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Definitions:

Standard Deviation

A quantitative indicator that calculates the degree of spread or variability among a collection of data points.

Expected Rate

The anticipated return on an investment over a specific period.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of numerical data from its mean.

Zero Standard Deviation

A statistical measure indicating that all values within a data set are identical.