Asked by Gagandeep Dhaliwal on Jun 12, 2024

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"Lucky" Lou considers himself lucky, while his friend "Loser" Larry considers himself unlucky. They each take $100 to a casino and play blackjack for 3 hours. When they leave, they have each lost $20. What does research on the confirmation bias suggest will happen?

A) Because of their losses, "Loser" will maintain his view of himself and "Lucky" will begin to change his view of himself.
B) Both men will reason that they were willing to lose $100 but only lost $20, so it is as if they won $80; so "Lucky" will maintain his view of himself and "Loser" will begin to change his.
C) "Loser" will begin to change his view of himself, reasoning that he was willing to lose $100 but he only lost $20, so it is as if he won $80. Because of his loss, "Lucky" will also begin to change his view of himself.
D) "Loser" will maintain his view of himself because of his loss. "Lucky" will also maintain his view of himself, reasoning that he was willing to lose $100 but he only lost $20, so it is actually like he won $80.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

  • Understand and explain typical cognitive biases and heuristics, including confirmation bias and the representativeness heuristic.
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Nikita PadhiarJun 18, 2024
Final Answer :
D
Explanation :
Confirmation bias suggests that individuals interpret outcomes in a way that confirms their pre-existing beliefs. "Loser" Larry will see his loss as confirmation of his bad luck, while "Lucky" Lou will interpret the smaller-than-expected loss as a form of winning, thus both maintaining their original self-views.