A(n)________ occurs when decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgments.
A)hindsight bias
B)confirmation bias
C)overconfidence bias
D)self-serving bias

Question

Quizplus · Accepted Answer

Confirmation bias occurs when decision makers seek out information that supports their past choices and ignore information that contradicts previous judgments. It's a cognitive bias that can lead to poor decision-making and limit a person's ability to consider alternative options. Hindsight bias is the tendency to overestimate one's ability to have predicted an event after it has occurred, while overconfidence bias is the tendency to overestimate one's own abilities and the accuracy of one's beliefs. Self-serving bias is the tendency to attribute personal success to internal factors and blame failure on external factors.

A(n)________ Occurs When Decision Makers Seek Out Information That Reaffirms