When managers use information that is readily available from memory to make judgments, it is known as a confirmation bias.

Name: When managers use information that is readily available from memory to make judgments, it is known as a confirmation bias.
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The confirmation bias is when people seek information to support their point of view and discount data that do not.The availability bias means managers use information readily available from memory to make judgments.

When Managers Use Information That Is Readily Available from Memory