Anyone with even a passing interest in Finology has probably wondered at the sheer number of documented heuristics and biases that ostensibly affect human judgment and decision-making. Although attempts have been made to tame this embarrassment of riches, there exists no consensus on how this can or should be done.

One compelling attempt at parsimony has been the claim that confirmation bias^ - which refers to the human tendency to seek out, focus on, interpret, and remember information in a way that supports (confirms) one’s own beliefs or expectations - i...