Game Theory and Economic Behavior
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses. This cognitive bias can lead individuals to overlook or dismiss evidence that contradicts their views, often reinforcing their existing opinions and skewing their decision-making process. It plays a significant role in how people engage with experimental evidence and behavioral biases, impacting judgments and behaviors in various contexts.
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