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An entrepreneur removes conflicting survey responses and keeps only those supporting the preferred idea. Which weakness does this show?

Answer and explanation

Correct answer: Confirmation bias

Confirmation bias is the tendency to select or accept information that supports an existing belief while ignoring evidence that challenges it. Here, the entrepreneur discards conflicting survey responses and retains only favourable ones, so this is confirmation bias. Excessive confidence may affect decisions, but selectively keeping supportive evidence is specifically confirmation bias. Exam tip: unbiased market research considers both favourable and unfavourable customer feedback.

Related tags

Confirmation BiasEntrepreneurial SkillsCustomer SurveyMarket ResearchDecision MakingCognitive BiasQualities And Functions Of An EntrepreneurEntrepreneurial Skills I

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