The discussion examines confirmation bias, a cognitive bias that influences how people process information. The sources explore the manifestation of this bias in various contexts, from online searches to financial markets and social interactions. We investigates how people tend to select, interpret, and recall information that confirms their pre-existing beliefs, potentially leading to reinforcement of those beliefs and hindering the acquisition of objective knowledge. We also focus on the detrimental effect of confirmation bias on investment decisions, arguing that individuals who seek out confirmatory information from virtual communities may become more overconfident and make poor investment choices. We explore how confirmation bias can contribute to the persistence of stereotypes and social prejudices by influencing individuals to see evidence that confirms their existing preconceptions. Finally, we propose a potential evolutionary function for confirmation bias, suggesting that it might have developed as a means of facilitating self-fulfilling prophecies in social contexts, potentially contributing to the maintenance of social structures and norms.The Entire Behavioural Science Reading List on Amazon

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