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After all, Dr. Broecker and his followers, too, may be emotionally invested in his ice-sheet theory: Confirmation bias can affect us all.
WSJ: Matt Ridley on New Support for a Global-Cooling Theory | Mind & Matter
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Two concepts, Argumentative Theory and Confirmation Bias, can explain much of this.
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However, I also believe that every great leader has a huge bias toward the inside- out, Great Man theory of history and human nature regardless of whether this theory is objectively valid or not.
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"Marketing theory isn't affected by age bias, but marketers themselves are, " Stroud writes, blaming the bias on a marketing industry population that skews under 35 on the lack of an institutional commitment to break out of a comfort zone.
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Researcher bias, due either to clinging tenaciously to a pet theory, or to financial interests, can also skew results.
ECONOMIST: Just how reliable are scientific papers?
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Our theory as to why this particular week has a negative bias is related to those looking to add portfolio insurance via the purchase of options on indexes and exchange-traded funds.
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In theory, index funds attempt to track the overall market without bias.
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