Don is convinced that it would be best if the U.S. was on a gold standard. He enthusiastically reads any editorials or articles that confirm his view. He frequently dismisses editorials and articles that argue against the gold standard because he presumes they are flawed or written by "crackpots." Don's behavior is an example of which of the following systematic mistakes that people make?
A) people are overconfident
B) people give too much weight to a small number of vivid observations
C) people are reluctant to change their minds
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Don's behavior is an example of confirmation bias, where he only seeks and accepts information that confirms his existing beliefs and dismisses information that challenges them. This is a common systematic mistake where people are reluctant to change their minds. Options A and B do not accurately describe Don's behavior.

Don Is Convinced That It Would Be Best If the U.S