Answer:
Belief Perseverance
Explanation:
Belief perseverance also called belief persistence. the people who are not able to change their belief even when they get the facts and getting new information contradicts or refute their beliefs. It is rigidness where a person sticks with his unusual beliefs and cant change even getting new information and contradiction of that irrational belief.
Belief perseverance in finance areas:
- Conservation bias
- Confirmation bias
- The illusion of control
- Hindsight bias