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Confirmation bias (also confirmatory bias, myside bias, [a] or congeniality bias [2]) is the tendency to search for, interpret, favor, and recall information in a way ...
Confirmation bias is the tendency to search for, interpret, focus on and remember information in a way that confirms one's preconceptions. [31] There are multiple other cognitive biases which involve or are types of confirmation bias: Backfire effect, a tendency to react to disconfirming evidence by strengthening one's previous beliefs. [32]
Selective exposure has also been known and defined as "congeniality bias" or "confirmation bias" in various texts throughout the years. [1] According to the historical use of the term, people tend to select specific aspects of exposed information which they incorporate into their mindset.
The Cognitive Bias Codex. A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. [1] Individuals create their own "subjective reality" from their perception of the input. An individual's construction of reality, not the objective input, may dictate their behavior in the world.
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one's beliefs or hypotheses while giving disproportionately less attention to information that contradicts it. [34] The effect is stronger for emotionally charged issues and for deeply entrenched beliefs. People also tend to ...
Motivated reasoning (motivational bias) is an unconscious or conscious process by which personal emotions control the evidence that is supported or dismissed. However, confirmation bias is mainly an unconscious (innate, implicit) cognitive bias, and the evidence or arguments utilised can be logical as well as emotional.
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In 1996, Elton, Gruber, and Blake showed that survivorship bias is larger in the small-fund sector than in large mutual funds (presumably because small funds have a high probability of folding). [8] They estimate the size of the bias across the U.S. mutual fund industry as 0.9% per annum, where the bias is defined and measured as: