00:01
So here in this question, it says that the tendency for a decision maker to search for reassurance that a recent decision he or she made was good, was a good decision represents which one of the following characteristics.
00:16
It represents which one of the following characteristics.
00:19
We have overconfidence, we have over optimism, we have affect the heuristic confirmation bias.
00:30
We are representativeness, heuristic.
00:33
So we are looking at which one of the following characteristics are we referring to? which one of them are we referring to overconfidence, over optimism, affect heuristic, confirmation bias, representativeness, heuristic.
00:50
So let's look at the correct answer.
00:54
So when a person is affected by confirmation bias, when a person is affected, when a person is affected by confirmation bias and the person is affected by confirmation bias he strongly he strongly holds he strongly holds false beliefs he strongly holds false beliefs and also tend to give more tend to give more weightage, tend to give more weightage to information, to information that support formation that support their belief.
02:22
Formation that supports their belief.
02:28
So in this question, the decision maker is seeking reassurance that the decision he made is a good decision...