Standard #: SS.912.FL.1.7


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Describe how people often focus on information that confirms their original beliefs when they research information to make personal financial decisions.


Examples


Example: Bill is currently in the market for a new vehicle, and he is extremely interested in a particular “dream car” to purchase. Bill has researched this vehicle and found several negative reviews that are counter to his beliefs about his “dream car.” How might Bill proceed with this financial decision?

Related Courses

Course Number1111 Course Title222
2102300: Economics and Personal Finance (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102371: Personal Finance and Money Management (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102373: Personal Finance and Money Management Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102306: Economics and Personal Finance for Credit Recovery (Specifically in versions: 2024 and beyond (current))
2102375: Personal Finance and Money Management for Credit Recovery (Specifically in versions: 2024 and beyond (current))


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