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#133 - Confirmation Bias and Negative Externalities
Manage episode 288710631 series 2390619
Confirmation bias is the tendency to process information by looking for, or interpreting, information that is consistent with one's existing beliefs. This biased approach to decision making is largely unintentional and often results in ignoring inconsistent information.
A negative externality exists when the production or consumption of a product results in a cost to a third party.
Show Page: https://eftp.co/confirmation-bias-negative-externalities
Newsletter signup: https://eftp.co/newsletter
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Learn more about your ad choices. Visit megaphone.fm/adchoices
181 ตอน
Manage episode 288710631 series 2390619
Confirmation bias is the tendency to process information by looking for, or interpreting, information that is consistent with one's existing beliefs. This biased approach to decision making is largely unintentional and often results in ignoring inconsistent information.
A negative externality exists when the production or consumption of a product results in a cost to a third party.
Show Page: https://eftp.co/confirmation-bias-negative-externalities
Newsletter signup: https://eftp.co/newsletter
Follow us on Instagram
Follow Nil Zacharias on Twitter
Learn more about your ad choices. Visit megaphone.fm/adchoices
181 ตอน
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