0 the fact that people are more likely to accept or notice information if it appears to support what they already believe or expect:
Investigators said that the pilots' behaviour was a classic example of confirmation bias, the act of only seeing evidence supporting their preconceptions.
There is clearly a confirmation bias at work here.
Doctors may fall prey to confirmation bias, which leads them to misconstrue the evidence before them.
Confirmation bias is a tendency for people to favour information that confirms their preconceptions or hypothesis regardless of whether the information is true.
When it comes to making investment decisions, people assume the future will be the same as the past, and they also have a "confirmation bias", only looking at the evidence that confirms their beliefs.
To know if you have any confirmation bias tendencies, ask yourself, “How often do I look for signs that I may be wrong in my analysis?”
