Some investors in the stock market become overconfident and ignore evidence that their strategies will lose money.This can be attributed to _____.

Question

Quizplus · Accepted Answer

Another selective attention problem, called confirmation bias, is the tendency for people to screen out information that is contrary to their decisions, beliefs, values, and assumptions. This bias occurs, for instance, when we form an opinion or theory about something, such as a consumer trend or an employee's potential.

Some Investors in the Stock Market Become Overconfident and Ignore