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Provide two examples for biases in beliefs and biases in preferences
Provide two examples for biases in beliefs and biases in preferences.
Expert Solution
Answer
Followings are the examples of biases in beliefs;
1. Faith in God,
2. Trust or confidence.
Followings are the examples of biases in preferences;
1. Causes the perception of an individual to be unfairly influenced by a single negative trait.
2. A preference for someone based on their name.
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