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Journeys to Financial Literacy
how small steps transformed lives — and the advice for you
Confirmation Bias
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What: Tendency to seek information that agrees with what you already believe.
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Effect: Ignoring facts that contradict your assumptions; leads to blind spots and bad forecasts.
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Example: You believe cryptocurrency will rise, so you only read bullish blogs and ignore warnings about scams or volatility.
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Avoid:
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Use “consider-the-opposite” thinking (ask, “What if I’m wrong?”).
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Assign someone to “red-team” or challenge your idea.
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Require yourself to find one credible disconfirming source before deciding.
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