What is the difference between the availability and confirma

What is the difference between the availability and confirmatory biases?

Solution

ANSWER:

The availability bias refers to the tendency to usage of data that is the most readily available or most easily recalled for decision making, rather than considering all relevant data. On contrary, confirmation bias refers to the tendency to search for, interpret, favour, and recall information in an approach that confirms pre-existing beliefs, thus decision maker’s under-weight information that is not consistent with initial hypotheses