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Exit Ticket 2 : Select the Cognitive Bias Andrew wants to buy a specific model of a new car. He conducts research and finds many resources that highlight the benefits of that car model. Which cognitive bias might be influencing Andrew's decision making? A) Confirmation Bias B) Hedonic Adaptation C) The Sunk Cost Fallacy D) Overconfidence

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Respuesta

A) Confirmation Bias

Explicación

## Step 1The problem presents a scenario where Andrew is looking to buy a specific model of a new car. He finds many resources that highlight the benefits of that car model. The question asks us to identify the cognitive bias that might be influencing Andrew's decision-making process.## Step 2Let's analyze each option:### A) Confirmation BiasConfirmation bias is a psychological bias where people tend to search for, interpret, favor, and recall information in a way that confirms their preconceptions or hypotheses, while giving disproportionately less consideration to alternative possibilities.### B) Hedonic AdaptationHedonic adaptation is a theory that suggests that people tend to return to a relatively stable level of happiness despite positive or negative events or life changes.### C) The Sunk Cost FallacyThe sunk cost fallacy is a decision-making bias where people continue a behavior or endeavor as a result of previously invested effort (time, money, or both), even if it is no longer beneficial to do so.### D) OverconfidenceOverconfidence is a bias where a person's subjective confidence in their judgments is greater than their objective accuracy.## Step 3In the given scenario, Andrew is only focusing on the benefits of the car model he wants to buy, which aligns with the definition of confirmation bias. selectively focusing on information that confirms his preconceived notions about the car model, while potentially ignoring other information that could provide a more balanced view.