Great article Hac. Did you read the 'example' they qouted??..... lol, I found it eerily fascinating when linking it with IAM. Hahaha....anyways....
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Example of Confirmation Bias
Suppose an investor hears a rumor that a company is on the verge of declaring
bankruptcy. Based on this information, the investor considers selling the stock. When they go online to read the latest news about the company, they read only the stories that confirm the likely bankruptcy scenario and miss a story about a new product the company has just launched that is expected to perform well and increase sales. Instead of holding the
stock, the investor sells it at a substantial loss just before it turns around and climbs to an all-time high.
