Examples Of Confirmation Bias

Another method is when an individual is quite skilled in making the right decisions or making accurate estimates, and decide to just focus on that while disregarding those times where they had made the bad decision that ended in a poor outcomes they are said to have a form of “Confirmation Bias.” It refers to the moments where people choose to search for evidence that confirms prior beliefs, with an associated tendency to underweight any evidence to the contrary. “For example, those who frequently trade stocks may only remember the instances in which they made money when assessing their skill level and they conveniently forget about the times when they experienced losses.” They may also have this selective amnesia when evaluating their predictions