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Definition: Confirmation Bias is the human tendency to gather, remember and interpret information in a biased way, thus confirming their beliefs, values or hypotheses. |
More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more on individual decision making... MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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