Chapter 9 | Conservatism bias Flashcards
Commitment to traditional values and ideas that opposition to change or innovation
Conservatism
The holding of political views that favor free enterprise private ownership and socially traditional ideas
Conservatism
Is a mental process in which individual cling to the prior fuse or forecast at the expense of acknowledging new information
Conservatism bias
Relying on old information it happened because of cognitive dissonance
Conservatism bias
We place too much weight on things we already know
Conservatism
Willing to accept change but it’s hard because of
Ego
Weighing on old information or old belief this bias is more prone to elderly
Conservatism
Reason why conservatism bias occur
Extension of anchoring bias
it’s because of consistency principle
It refers to the fact that people like to act in line with the things they have already said, done or decide to do.
Consistency principle
refers to a cosmological and planetary theory, in which the Earth occupies the central position of the world system.
Geocentrism”
1723 Bago tinanggap
Telescope
Capernicus
Geocentrism was embraced by____&_____and most greeks philosophers assume that the sun, moon, stars, and visible planets circle the earth
Aristotle and ptolemy
Also known as heliocentric model
Heliocentrism
astronomical model in which the Earth and planets revolve around the Sun at the center of the universe. Historically, heliocentrism was opposed to geocentrism, which placed the Earth at the center.
Heliocentrism
Umabot Ng 100 years Bago tanggapin ng Catholic church
It’s about 1543
Theory that places the sun at the center of the solar system
Heliocentrism
Earth revolves around the sun
PSMID researchers have concluded that the use of face shields may help doctors and health care workers against splashes and sprays of blood or other bodily secretions but does not give additional protection against respiratory aerosol such as those present in COVID-19 transmission.
Face Shield
Implications to investors
When conservatism biased investors do react to information they often do so too slowly
People experience mental stress when presented complex data an easy option is to simply stick to their prior belief
A mental conflict that occurs when your beliefs don’t line up with your actions
It is uncomfortable state of mind
Our mind go through a process of confusion
Cognitive dissonance
