Mindset Matters #63 - Confirmation Bias

An episode of the The Everyday Millionaire and Mindset Matters Podcast podcast, hosted by Patrick Francey, titled "Mindset Matters #63 - Confirmation Bias" was published on January 12, 2023 and runs 29 minutes.

January 12, 2023 ·29m · The Everyday Millionaire and Mindset Matters Podcast

Summary

Join Patrick and Steffany and listen in as they take on the topic of Confirmation Bias and add a touch of Cognitive Dissonance! The current state of our world seems marked by a growing divide and escalating polarization. It often seems as though people are constantly at odds with each other, different groups and individuals occur as "right fighters" or "fact checkers", labels such as "woke" and "un-woke" or far "left" and far "right" are now common. But is this growing divide as real as it appears, and if it is, why is it? Are we less willing to change today than in the past? Why is that you ask? Confirmation bias is the tendency to interpret information in a way that confirms our existing beliefs, rather than objectively evaluating new information. It is a form of bias that can influence our view of an issue, our decision-making, and even our relationships. This bias is generally unconscious and is often driven by a refusal to consider information that contradicts our beliefs. Cognitive dissonance is another mechanism that can lead to the reinforcement of our views, even in the face of evidence that contradicts them. It refers to the discomfort or tension that arises when we are presented with information that conflicts with our beliefs, values or attitudes. https://theeverydaymillionaire.ca/confirmation-bias/

Episode Description