|
|
Confirmation Bias |
|
Description of Confirmation Bias. Explanation. |
Definition Confirmation Bias. Description.
Confirmation Bias is the human tendency to search for or interpret information in a way that confirms one's preconceptions.
It is a phenomenon wherein decision makers have been shown to actively seek out and assign more weight to evidence that confirms their hypothesis, and ignore or under weigh evidence that could disconfirm their hypothesis. It is a human tendency that is particularly relevant for strategists and marketers.
Compare also: Analogical Strategic Reasoning | Hawthorne Effect | Cognitive Bias |
| Return to Management Hub: Communication & Skills | Decision-making & Valuation | Ethics & Responsibility | Finance & Investing | Knowledge & Intangibles | Strategy
More on Management | Return to Management Dictionary | |
|
End of description Confirmation Bias. An explanation. |
|
|
|
|