Lou considers himself lucky, while his friend Larry considers himself unlucky. They each take $100 to a casino and play blackjack for 3 hours. When they leave, they have each lost $20. What does research on the confirmation bias suggest will happen
A)Because of their losses, Larry will maintain his view of himself and Lou will begin to change his view of himself.
B)Both men will reason that they were willing to lose $100 but only lost $20, so it is as if they won $80; so, Lou will maintain his view of himself and Larry will begin to change his.
C)Larry will begin to change his view of himself, reasoning that he was willing to lose $100 but he only lost $20, so it is as if he won $80.Because of his loss, Lou will also begin to change his view of himself.
D)Larry will maintain his view of himself because of his loss.Lou will also maintain his view of himself, reasoning that he was willing to lose $100 but he only lost $20, so it is actually like he won $80.

Question

Quizplus · Accepted Answer

Research on confirmation bias suggests that individuals interpret events in a way that confirms their pre-existing beliefs. Larry, who considers himself unlucky, will see the loss as confirmation of his bad luck. Lou, who considers himself lucky, will interpret the smaller-than-expected loss as a form of success or "win," thus both maintaining their original views.

Lou Considers Himself Lucky, While His Friend Larry Considers Himself