Skip to content

Conservatism Bias

October 21, 2017

A belief perseverance bias in which people maintain their prior views or forecasts by inadequately incorporating new information.

This bias has aspects of both statistical and information-processing errors.

Advertisements

From → Economics

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: