What role do social networking Web sites play in creating confirmation bias among users?
What will be an ideal response?
Social networking Web sites have made it easier for users to read about the opinions of like-minded individuals, which reaffirm their own misconceptions. This phenomenon is known as confirmation bias.
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You increase the advertising intensity for your product in market A but not in market B. Sales in A rise from 1140 to 1180 units per week while sales in B fall from 1270 to 1230 . The Difference-in-difference estimate of the effect of the increased advertising is:
a. 0 units b. 80 units c. 100 units d. 120 units
Which of the following will increase interest rates in the short run?
a. an decrease in reserve requirements b. the sale of bonds by the Federal Reserve in the open market c. a decrease in real GDP d. an decrease in the price level