The Retirement Detective

Investigating Cognitive Errors in Investing: Confirmation Bias


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In this episode we will discuss one of the most common cognitive errors in investing: confirmation bias.  Confirmation bias is when we tend to find, retain, and promote data that is in alignment with a particular viewpoint or thesis.  We'll discuss this in detail and discuss how confirmation bias can lead to poor investment decisions and how to avoid these errors.

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The Retirement DetectiveBy Philip Mock, CFA®, CFP®