Investing can be a big undertaking, full of challenges and hurdles that even experienced investors have to overcome. According to the team at Diligent Eye, confirmation bias is a cognitive bias that “tempts us to seek out information that aligns with our preconceived beliefs, while conveniently ignoring or downplaying evidence that challenges them.”
Being able to recognise and address confirmation bias is crucial for making sound investment decisions with confidence.
Read more from the team at Diligent Eye on the pitfalls of confirmation bias here
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