Shownotes
Detecting Confirmation Bias
confirmation bias
the tendency to interpret new evidence as confirmation of one's existing beliefs or theories.
This week's guest, Ron Toye: Purchasing, refinancing, or renovating a home can be a complicated and intimidating process. Here at the Ron Toye Team, we begin by listening. We aim to understand your goals and priorities so we can offer home loan solutions that align with your current and long-term plans. We serve hundreds of families each year with their home investment journey. Whether you’re a first-time homebuyer or long-time homeowner, we’re dedicated to providing you with industry-leading customer service that you will rave about.
My mentor and branch manager, Andy Tuttle, imprinted this message on my heart and it inspires my dedication to every client and partner I serve: “What do we help people with? One of the biggest financial decisions of their lives! How do we treat them? Like family!” From application to closing and beyond, I’m honored to provide the outstanding experience my clients and partners deserve.
What you will learn in this episode:
- How Ron has personally experienced negative consequences of un-addressed confirmation biases
- The effects of social and mainstream media on our expectations
- How confirmation bias shows up in the mortgage sphere vs. the personal sphere, and the dangers of allowing it in either situation
- How to recognize when you’re in a loop of confirmation bias
- Why understanding yourself is key in avoiding confirmation bias
- How being aware of your possible confirmation biases aligns with our theme this season of “Assessing and Re-framing your Evidence”
Resources:
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy
Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp
