The confirmation bias is best described as the tendency for people to:
a. seek and consider evidence that supports their preferred hypothesis, and discount or ignore information that refutes their beliefs.
b. want others to agree with them because of their need to be liked.
c. not want to act as a devil's advocate in a group, even though it would help the group.
d. put unwarranted confidence in their decisions.
Question 2
An example of the overconfidence bias is:
a. Bill's tendency to consider evidence that supports his position on illegal immigration, but disregards evidence that refutes his beliefs.
b. Carol and her team have been working on a new product for several years and one expensive prototype has become their main focus. When evaluating the choices for launch, the group judges the top prototype as the best one for launch over less expensive options.
c. Joe makes a stock price prediction and believes that there is only a 5 chance that his estimate is wrong; overlooking recent articles about the bad financial health of the business.
d. a judge in a criminal court hears over 80 cases a day. The defendants whose cases are heard late in the day were given harsher sentences.
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