Several years ago, Donielle invested in Best Threads, a women's upscale apparel company, when she learned that the company was no longer charging customers for
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Several years ago, Donielle invested in Best Threads, a women's upscale apparel company, when she learned that the company was no longer charging customers for custom alterations. At the time, Best Threads was the only company in the fashion industry doing this, and the price of Donielle's stock rose. Last month, however, Donielle found out that Best Threads violated federal labor laws and will likely be fined over $1 million, which will likely result in its stock price falling. Donielle subconsciously weighs the free custom alterations as more important than the significant fine incurred by Best Threads because she does not understand unfair labor practices. Therefore, she does not consider selling her stock in Best Threads. This is an example of which of the following behaviors?
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The behavior described in the scenario is an example of cognitive bias known as Confirmation Bias Co... View full answer

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