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PSYCHOLOGY  |  November 19, 2014
Recognizing And Avoiding Confirmatory Bias
Cognitive biases are thinking errors that affect how we process information and make decisions. We are all affected by cognitive biases in our everyday decision making but what makes them so insidious is that often we are not aware that we are acting under the influence of a cognitive bias when we form opinions or make decisions. When it comes to trading, our results rely on our ability to recognize and limit the influence that these errors of judgment can cause. Here you will find a discussion of a cognitive bias known as confirmation bias and be presented with tools to recognize it and avoid acting under its influence in making trading decisions.
by Stella Osoba, CMT

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