ECONOMICS

Detailed explanation-1: -Confirmation bias is the tendency to search, interpret, and recall information in a way that aligns with our pre-existing values, opinions, or beliefs. It refers to the ability to recollect information best when it amplifies what we already believe.

Detailed explanation-2: -One of the most common examples of confirmation bias is how we seek out or interpret news stories. We are more likely to believe a story if it confirms our pre-existing views, even if the evidence presented is shaky or inconclusive.

Detailed explanation-3: -Confirmation bias is important because it may lead people to hold strongly to false beliefs or to give more weight to information that supports their beliefs than is warranted by the evidence.

Detailed explanation-4: -You can do this by searching out disconfirming evidence of your theories, and forming factually-supported arguments with new evidence that can further prove your point.