#investing and The Danger of Confirmation Bias
▻https://hackernoon.com/investing-and-the-danger-of-confirmation-bias-8c39fced31bf?source=rss---
Image via Success ResourcesConfirmation BiasConfirmation bias is a systematic pattern of thought that humans develop to form their own construction of social reality using information that they handpick to form their own narratives.Confirmation bias can be described as “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. Existing beliefs can include one’s expectations in a given situation and predictions about a particular outcome. People are especially likely to process information to support their own beliefs when the issue is highly important or self-relevant.”In politics this is known as (...)