Business Cognitive Bias
Belief perseverance is the tendency for people to hold on to their beliefs even when faced with evidence that contradicts those beliefs. This phenomenon can lead individuals to disregard or downplay information that challenges their preconceived notions, often causing them to remain steadfast in their opinions despite logical reasoning or new facts. Understanding this bias is crucial as it impacts decision-making processes in various contexts, especially in business settings where objective evaluation of information is essential.
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