When People Accept Only Evidence That Conforms to Their Belief

question 68

True/False

When people accept only evidence that conforms to their belief, while rejecting or ignoring any evidence that does not conform, they are demonstrating the belief-bias effect.

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Definitions:

Interest Payment

The amount paid by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage.

Semiannual Interest

Interest calculated and paid twice a year, often related to bonds or loans with fixed interest rates.

Straight-line Method

A technique for computing depreciation or amortization that evenly divides the asset's cost over its expected lifespan.

Bond Liability

An obligation or debt represented by bonds issued by a company, which it is required to repay at a specified time with interest.