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  1. An empirical assessment of financial literacy and behavioral biases on investment decision: Fresh evidence from small investor perception.Sun Weixiang, Md Qamruzzaman, Wang Rui & Rajnish Kler - 2022 - Frontiers in Psychology 13.
    To have enough financial literacy, an investor must be able to make intelligent investment choices, and on the other hand, the heuristic bias, the framing effect, cognitive illusions, and herd mentality are all variables that contribute to the formation of behavioral biases, also known as illogical conduct, in the decision-making process. The current research looks specifically at behavioral biases and financial literacy influence investment choices, particularly on stock market investment. For the research, a representative sample of 450 individual investors was (...)
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  • What Is the Function of Confirmation Bias?Uwe Peters - 2022 - Erkenntnis 87 (3):1351-1376.
    Confirmation bias is one of the most widely discussed epistemically problematic cognitions, challenging reliable belief formation and the correction of inaccurate views. Given its problematic nature, it remains unclear why the bias evolved and is still with us today. To offer an explanation, several philosophers and scientists have argued that the bias is in fact adaptive. I critically discuss three recent proposals of this kind before developing a novel alternative, what I call the ‘reality-matching account’. According to the account, confirmation (...)
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  • Illegitimate Values, Confirmation Bias, and Mandevillian Cognition in Science.Uwe Peters - 2021 - British Journal for the Philosophy of Science 72 (4):1061-1081.
    In the philosophy of science, it is a common proposal that values are illegitimate in science and should be counteracted whenever they drive inquiry to the confirmation of predetermined conclusions. Drawing on recent cognitive scientific research on human reasoning and confirmation bias, I argue that this view should be rejected. Advocates of it have overlooked that values that drive inquiry to the confirmation of predetermined conclusions can contribute to the reliability of scientific inquiry at the group level even when they (...)
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  • Wishful Intelligibility, Black Boxes, and Epidemiological Explanation.Marina DiMarco - 2021 - Philosophy of Science 88 (5):824-834.
    Epidemiological explanation often has a “black box” character, meaning the intermediate steps between cause and effect are unknown. Filling in black boxes is thought to improve causal inferences by making them intelligible. I argue that adding information about intermediate causes to a black box explanation is an unreliable guide to pragmatic intelligibility because it may mislead us about the stability of a cause. I diagnose a problem that I call wishful intelligibility, which occurs when scientists misjudge the limitations of certain (...)
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